Broker price opinions (BPOs) are an incredible tool for success in the marketplace. While other agents in your office are turning their noses up at the nominal compensation, they are missing a gold mine.
BPOs are not only a fantastic way to become an expert on pricing in your market, but they also offer you the opportunity to know which homes are on their way to short sale or foreclosure — which gives you the edge over your competition.
Did you know that some agents have built an entire secondary income stream from BPOs? Whether you’re new to the business or a seasoned veteran, you can pump up your piggybank by jumping on this opportunity.
Today, we’ll talk about the benefits of doing BPOs, the math that shows how you can make $5,000 per month doing them (or more if you want) and what you need to get started on this lucrative business spoke.
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Remove the mental worry that comes from being in the business of real estate without a salary, and create your own. No matter what market you’re in or where you are in your career, doing BPOs can cover your business overhead and give you a boost in your nest egg.
You heard that the market is shifting, and you need to be prepared for REO and short sale business, right? BPOs are part of that. If your current guru or broker isn’t telling you this, there’s only two reasons: he or she either knows and won’t tell you, or your broker doesn’t know. Wouldn’t you like to be prepared?
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Tim and Julie Harris have over 20 years’ experience in real estate. Learn more about their real estate coaching and training programs at timandjulieharris.com, or request more information about their programs at joinharris.com.