Start evaluating your next property with confidence.
Foreclosure Trackers is your #1 source for BPOs.
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Foreclosure Trackers is your #1 source for BPOs
Foreclosure Trackers’ BPO services are easily purchased online and delivered within 3-5 days with 24 hour rush and high volume orders available. As an added bonus to our members, we offer discounted prices on BPOs. After the savings on only a few BPO orders, a monthly Foreclosure Trackers membership pays for itself. If you aren’t yet a member, Sign Up Now to take advantage of this special pricing.
A BPO (Broker Price Opinion) is an objective and independent measurement of a property’s value. In a declining real estate market, its conclusions are considered more realistic than an appraisal. It gives an investor the current fair market value needed to compute the desired purchase price for the property. BPOs are created by licensed real estate sales agents who are familiar with the area.
Obtaining a BPO (Broker Price Opinion) Service from a reputable company is a key factor in your decision to invest in any piece of real estate: it's impossible to calculate a purchase price that will net you a profit when you don't know the true value of a property. BPOs instantly identify properties that have little equity, no equity, or worse yet, properties that are overencumbered! Naturally, all of these factors have a direct impact on your asking price. No matter how you add things up, a property’s value must be established before one decides to invest, regardless of which of the five foreclosure investment strategies is utilized!
With your BPO, you’ll get all of the following:
- A description of the property, with three photographs
- Descriptions, photographs, and listing prices of comparable properties that sold or are for sale
- In addition, Bank-Owned (REO) comparables are used to establish a property's value with better accuracy--this is extremely important in a declining market like today
- Information about the neighborhood and how desirable the property is
- The potential rental value of the property
- Information about whether the home is vacant or occupied
- An anticipated sale price, if the property is listed for an average of 90 to 120 days on the MLS
- A “quick sale price,” if the property is intended to be sold within 30 days
- The broker’s assessment of how marketable the property is
- Information about any repairs that might be needed, and whether there will be an inspection after sale
First, the agents that prepare your documents are BPO certified. Second, your BPO receives a final internal review by a BPO specialist to maintain quality and accuracy before delivery. Third, and most essential, it factors in surrounding distressed property to determine value.
A Foreclosure Trackers BPO has three key features that separate it from the competition. First, the agents that prepare your documents are BPO certified. Second, your BPO receives a final internal review by a BPO specialist to maintain quality and accuracy before delivery. Third, and most essential, it factors in surrounding distressed property to determine value. Including these three fundamentals reflects our commitment to giving you the most accurate property value we can!
Remember that a BPO stands for a Broker Price Opinion—as we all know, opinions are a long way from fact. When you order a BPO, you’re depending on the Broker’s expertise and honesty to help you value a property. Can you trust that opinion? Our BPOs come from industry experts who understand the current declining market and how distressed properties can impact a BPOs value.
If you order 4 different BPOs, 4 different values will come back. The reason for this is that every broker has a different idea of what determines a property’s value, and in some cases, are told specifically by banks not to include information that might paint one of their properties in a less-than-favorable light. One of the major components of an FTI BPO is that we demand that every BPO factors in distressed properties nearby, because we know that they lower the value of property in the area. Any BPO is the product of a broker’s experience in the market, and there are few who know the foreclosure market as good as we do. Establishing an accurate value is the key to your success when purchasing defaulted mortgages. Make sure you use the best products in this rapidly changing market!
Note: Broker Price Opinions must factor in distressed values to establish a property's true value in this declining market. Do not be misled by cheaper BPOs that deliver overinflated values.
Foreclosure Trackers’ BPO services are easily purchased online and delivered within 3-5 days with 24 hour rush and high volume orders available. As an added bonus to our members, we offer discounted prices on BPOs. After only a few BPO orders, a monthly Foreclosure Trackers membership pays for itself. If you aren’t yet a member, Sign Up Now to take advantage of this special pricing.
If you’re seriously considering the purchase of a foreclosure, Foreclosure Trackers is your #1 source for BPOs. This is an essential document to add to your diligence package and is one of the best ways to maximize your chances of a successful investment.
[ Order a BPO ] Start evaluating your next property with confidence.