Arizona Short Sale Realtor Cody Sperber Explains

 

 

 

 

The first thing your lender(s) need to do in the Short Sale Process is establish the current market value of your home. They do this in the form of a Brokers Price Opinion (BPO). A BPO is typically conducted by a real estate agent or a licensed appraiser (normally a real estate agent) that is hired by your lender(s). The BPO will contain comparable sales of similar houses in the neighborhood, with adjustments made for condition and attributes, to determine what the market value of the subject property is. Expect the Brokers Price Opinion process to take 1-2 weeks from the time the BPO is ordered to the time it is completed and inputted back into the lender(s) systems. Also, expect each lien holder to complete their own BPO…for example if you have a first and second mortgage, each lender will order their own Brokers Price Opinion.

 

A good Realtor ( Cody Sperber ) or Investment Company such as SellQuickForCash.com will meet these BPO agents out at the house and help the BPO agent understand your homes true value. We want to do this because many BPO agents get paid $50 - $100 to do a BPO and are typically in a hurry just to get the job done.  Many times the BPO agent will get lazy and report false information to the bank artificially raising the value of your home.  At both CodySperber.com and SellQuickForCash.com, our expert negotiators and Realtors are highly trained at comping your homes true value and providing the  Brokers Price Opinion agent with this information.  CLICK HERE TO CONTACT ME NOW!