Influencing The BPO

The Broker’s Price Opinion, or the BPO is by far one of the most important aspects of short sales that you need to understand because it’s where the difference between a $10K profit and a $50K or more profit get made. So you’ll want to take a few notes here.

So what is a Broker’s Price Opinion? A Broker’s Price Opinion, known as a BPO, is the bank’s opinion of what they believe the property’s as-is fair market value is based on their own inside appraisal. In other words, the bank sends their own appraiser to the property to determine its fair market value, which the bank representative will then turn around and use in negotiating with you on price.

Now, here are a few little known facts about the BPO that are vital for you to understand. First, the bank will typically set the BPO price based on what they believe the home can be sold for within 90 days.

Below is and in depth look and the this part of the process that will yield you huge profits. Place close attention the my 5 techniques for getting the discount that I want.

Please Login or Register to read the rest of this content.