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The Price is Right! –Tips to Make
      Your BPO Stand Out
       www.MarkiLemons.com
Focused on Real Estate!


Marki Lemons-Ryhal
BPOs
                                                            3




                                                      Focused on Real Estate!


             BPOs
                Are generally prepared for banks
                Is and estimate of probable sales price
                Prepared by REALTORS®
                Report must comply with ordering
                 company guidelines
                No undue influences imposed by ordering
                 company or agents




BPOs: The Agent's Role in the Valuation
Focused on Real Estate!




 “In Illinois, nothing in the Act shall prohibit a
person who holds a valid license under the Real
 Estate License Act of 2000 from performing a
 comparative market analysis or broker price
 opinion for compensation, provided that the
  person does not hold himself out as being a
          licensed real estate appraiser”.
Focused on Real Estate!
Real Estate Is A Local Business
                                              Focused on Real Estate!




      One street name in two separate locations
Apples to Apples
                                 Focused on Real Estate!




                   New Construction Condo




Condo Conversion
www.mredllc.net
                  Focused on Real Estate!
Room Count Guidelines
                                      Focused on Real Estate!




 A room does not have to have a minimum
         square foot qualification

  A room without a closet is countable as a
                bedroom
Know More Than Anyone
                        Focused on Real Estate!
YouTube-Private Video for Loss Mitigation
                                            Focused on Real Estate!
What does History Tell You?
                              Focused on Real Estate!
Focused on Real Estate!
www.chicagorealtor.com 8/22/2012
                                   Focused on Real Estate!
Focused on Real Estate!




     Thank you

17

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Broker Price Opinion, Price It Right!

  • 1. The Price is Right! –Tips to Make Your BPO Stand Out www.MarkiLemons.com
  • 2. Focused on Real Estate! Marki Lemons-Ryhal
  • 3. BPOs 3 Focused on Real Estate! BPOs  Are generally prepared for banks  Is and estimate of probable sales price  Prepared by REALTORS®  Report must comply with ordering company guidelines  No undue influences imposed by ordering company or agents BPOs: The Agent's Role in the Valuation
  • 4. Focused on Real Estate! “In Illinois, nothing in the Act shall prohibit a person who holds a valid license under the Real Estate License Act of 2000 from performing a comparative market analysis or broker price opinion for compensation, provided that the person does not hold himself out as being a licensed real estate appraiser”.
  • 5. Focused on Real Estate!
  • 6. Real Estate Is A Local Business Focused on Real Estate! One street name in two separate locations
  • 7. Apples to Apples Focused on Real Estate! New Construction Condo Condo Conversion
  • 8. www.mredllc.net Focused on Real Estate!
  • 9. Room Count Guidelines Focused on Real Estate! A room does not have to have a minimum square foot qualification A room without a closet is countable as a bedroom
  • 10. Know More Than Anyone Focused on Real Estate!
  • 11. YouTube-Private Video for Loss Mitigation Focused on Real Estate!
  • 12. What does History Tell You? Focused on Real Estate!
  • 13. Focused on Real Estate!
  • 14.
  • 15.
  • 16. www.chicagorealtor.com 8/22/2012 Focused on Real Estate!
  • 17. Focused on Real Estate! Thank you 17