BPO Data Entry & Complete BPO
We can assist you with Quality BPO/CMA's. We have good knowledge in Broker price opinions and understand how important BPO is for a client, customer and you. Hence all the BPO's processed by us are carefully checked and are sent to the client for final review.
"Broker Price Opinion Companies look for a quick turnaround time and a good quality BPO's sent to them." If you are one of the realtors who is sending quality BPO's with less turnaround time, then you will be receiving more and more BPO's from them. By outsourcing BPO research and data entry you can save time and increase your business.
BPO Data Entry: In BPO Data entry we input subject information and comparable information in the form. We also complete neighborhood information &place appropriate comments comparing subject and comparables. Once Data entry is completed we upload sold and list comparable photos to the BPO order. Once everything is done then we send the final report for your review. For this the fees we charge per order is $4. For this service the turn around time is within 6-12 hrs. In this service we will need tax records for the subject information, MLS sheets for the comparable information and BPO company login information.
BPO Research & Data Entry: In BPO Research & Data Entry we pull comps based on BPO standard guidelines (BPOSG). Once similar comparables are found and selected for the BPO, the same is inputted in the BPO form and comparable photos are uploaded to the BPO. Once everything is completed we send a email confirmation to the client for final review and submission. If there are any changes to the comparables or the value provided by us then we change it immediately to client specifications. For this the fees we charge per order is $8. For this service the turn around time is within 8-16 hrs. In this service we require MLS login information and BPO company login information.
Our approach towards research (Pulling Sold & Active Comparables):
- Subject information will be obtained from tax records.
- Read the client instructions in the order.
- Check if the subject is listed in the market for sale, listed in the past 12 monhts or sold in the past 12 months.
- Search for similar comps sold and active in the subject neighbourhood.
- Place in comparable or MLS comments for subject and comps in the BPO.
- Upload the subject and comparable photos.
- Quality check the order before sending it to clients.
Comparable selection process:
Proximity: Start the search using 0.25 miles from the subject. Maximum proximity expanded for urban location is 1 mile and for suburban location it is 3 miles. For rural properties if the search is expanded to more than 5 miles then a detailed explanation will be provided.
GLA/Sq.ft.: Comparable's are selected within +/- 15% of the subject GLA.
Year Built: Comparable's are selected within +/- 5 years, if no comps are similar then we expand to 10 years, 20 years and 30 years.
Lot size: Comparable's are selected that are equal in lot size to the subject. If the subject lotsize is huge then we will try to bracket the lot size.
Room Counts: Similar room counts will be preferred, if not +/- 1 room count comps are selected and made a detailed explanation.
Location/View: If the subject is water front then all the comps selected for the BPO will be water front.
Sale Date: Prefered sold comps is within 3 months if no comparables are found then 6 months, 9 months or 12 months.
Check if the subject is listed in the market and if yes save the MLS sheet which will be attached to the order. Check for subject information and Neighbourhood market and update the same in the order.
We are familiar with all the BPO companies forms and will complete BPO/CMA with highest accuracy and quality. Turn around time for each BPO is within 12 hrs.