Broker Price Opinion Outsourcing BPO Research & Data Entry
Broker Price Opinion Outsourcing - Research & Data Entry Services
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 an 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 fee, we charge per order is $8. For this service, the turnaround time is 8-16 hrs. In this service, we require MLS log in 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 months, or sold in the past 12 months.
Search for similar comps sold and active in the subject neighborhood.
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 locations is 1 mile and for the 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.: Comparables are selected within +/- 20% of the subject GLA.
Year Built: Comparables are selected within +/- 5 years, if no comps are similar then we expand to 10 years, 20 years, and 30 years.
Lot size: Comparables are selected that are equal in lot size to the subject. If the subject lot size 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 we make a detailed explanation.
Location/View: If the subject is waterfront then all the comps selected for the BPO will be waterfront.
Sale Date: Preferred sold comps are 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 the highest accuracy and quality. Turnaround time for each BPO is within 12 hrs.