What sellers should know about BPO’s during a Miami foreclosure.
Some home sellers dont have an idea of much their property is worth. Some sellers are more realistic than others but the true challenge is finding market value in a declining market. Home sellers and home buyers should pay extra attention when a BPO is scheduled. A BPO stands for Broker Price Opinion it is very similar to an appraisal.BPO’s are ordered when the home is in foreclosure or preforeclosure and its for the bank to know thevalue of the home. Keep in Mind a BPO can make the deal or break it. Before a Miami foreclosure goes in the market a BPO is ordered when a home is in pre foreclosure or short sale a BPO is ordered.
Tips #1 Sellers and buyers keep away.
Most sellers and buyers what to be present during a BPO.In my opinion the more people there at the property the more distraction is for the BPO agent.Sellers keep in mind wheather you like to admit it or not you are emotionally attach to the home this can distract any BPO agent. YOur opiniondoesnt matter at this point. The only person that should be present is your Real estate agent and ifhe knows what he is doing he can influence the BPO dramaticaly.
Tip#2Stage it as your were going to earn a million dollars.
I have noticed working with sellers that have equity in there home will pay attention to small details when potential homebuyers view the home. In the other hand sellers that are in the verge of foreclosure dont bother to stage or even pick up if a potential buyer views the home. THe bottom line is you need this property to sale,you much assist your real estate agent 100% that means pick up the mess hide the dirty laundry and paint the walls if you have to. The point is stage your home like you were going to earn a million dollars. After all it is your credit right?
Tip#3
In my experience I have seen Agents and home sellers make up damages that are not really there. Don’t put a coffee stain in the ceiling and say it is mold things like this can open you up to can of worms. I will suggest being honest with yourself and the buyeris the best route to ever take.
. Don’t let BPO break your Real Estate sale knowing and playing by the rules can help you sale your home.
Ready to buy a Miami Home? Contact Global Market Realtytoday. We have several Homes and Condos for sale in Miami , Search the MLS for foreclosures in Miami . Do you want more information on a second home or a vacation homeplease contact us at305364-0037
What sellers should know about BPO.
Some home sellers dont have an idea of much their property is worth. Some sellers are more realistic than others but the true challenge is finding market value in a declining market. Home sellers and home buyers should pay extra attention when a BPO is scheduled. A BPO stands for Broker Price Opinion it is very similar to an appraisal.BPO’s are ordered when the home is in foreclosure or preforeclosure and its for the bank to know thevalue of the home. Keep in Mind a BPO can make the deal or break it. Before a Miami foreclosure goes in the market a BPO is ordered when a home is in pre foreclosure or short sale a BPO is ordered.
Tips #1 Sellers and buyers keep away.
Most sellers and buyers what to be present during a BPO.In my opinion the more people there at the property the more distraction is for the BPO agent.Sellers keep in mind wheather you like to admit it or not you are emotionally attach to the home this can distract any BPO agent. YOur opiniondoesnt matter at this point. The only person that should be present is your Real estate agent and ifhe knows what he is doing he can influence the BPO dramaticaly.
Tip#2Stage it as your were going to earn a million dollars.
I have noticed working with sellers that have equity in there home will pay attention to small details when potential homebuyers view the home. In the other hand sellers that are in the verge of foreclosure dont bother to stage or even pick up if a potential buyer views the home. THe bottom line is you need this property to sale,you much assist your real estate agent 100% that means pick up the mess hide the dirty laundry and paint the walls if you have to. The point is stage your home like you were going to earn a million dollars. After all it is your credit right?
Tip#3
In my experience I have seen Agents and home sellers make up damages that are not really there. Don’t put a coffee stain in the ceiling and say it is mold things like this can open you up to can of worms. I will suggest being honest with yourself and the buyeris the best route to ever take.
. Don’t let BPO break your Real Estate sale knowing and playing by the rules can help you sale your home.
Ready to buy a Miami Home? Contact Global Market Realty today. We have several Homes and Condos for sale in Miami , Search the MLS for foreclosures in Miami . Do you want more information on a second home or a vacation homeplease contact us at305364-0037
Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District.
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