BPO Basics

BPO Basics

BPO vs AVM vs Desktop Valuation: When Lenders Use Each

Algorithms, desk reviews and boots on the ground. Here is where BPOs fit among today's valuation products.

BPO Basics

BPO vs CMA: What's the Difference?

Both use comps and both come from agents, but a CMA and a BPO serve very different customers.

BPO Basics

BPOs in a Declining Market: Pricing and Comments That Hold Up

In a falling market, old sales mislead. Here is how to price and explain a BPO when values are moving down.

BPO Basics

How to Complete a BPO on a Rural Property

Rural BPOs break the usual comp rules. Here is how to handle distance, land and outbuildings without triggering revisions.

BPO Basics

List Price vs Sale Price in a BPO: How to Set Both

Two numbers, sometimes four. Here is how to set list and sale price so they agree with each other and your comps.

BPO Basics

BPO Photo Requirements: The Complete Shot List

Missing photos are one of the most common revision reasons. Use this shot list and you will not miss one.

BPO Basics

How to Write BPO Comments That Pass Review the First Time

Specific beats generic every time. Here is how to write comments that tell the reviewer you were really there.

BPO Basics

How to Pick Comparable Sales for a BPO That Pass Review

Comps decide whether a BPO passes review. Here is a repeatable way to choose them.

BPO Basics

What Is an Inspection Order? How It Differs From a BPO

Inspection orders look like BPOs in your inbox but ask for far less. Here is how to tell them apart.

BPO Basics

Do You Need a BPO Certification? What Vendors Actually Require

Certification is optional for almost every vendor. Here is what they really check, and when training is still worth it.

BPO Basics

The Complete BPO Checklist: Comps, Photos and Condition Notes Vendors Expect

Use this checklist before you submit and your revision rate will drop. Everything reviewers look for, in order.

BPO Basics

BPO vs Appraisal: Key Differences Every Agent Should Know

Both estimate value, but the who, the why and the price are completely different.