Has anyone noticed a drop in BPO's since Dec. It could be just the new year but maybe they are going away slowly??

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Rainmaker
4,583,790

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

The last BPO I was asked to do was more than five years ago.

Jan 20, 2016 11:00 PM

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2

Roy Kelley

Gaithersburg, MD
John McCormack, CRS

Albuquerque, NM

Rainmaker
1,664,636

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

I have never done a BPO.

Jan 20, 2016 10:47 PM

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2

Roy Kelley

Gaithersburg, MD
Michael Jacobs

Pasadena, CA

Rainmaker
1,242,204

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

People borrowing or refi more in the spring or summer. Banks are too cheap to order appraisals. Order from 2 or 3 different sources and you get a very picture on home valuation.

Going away? Never.....

Jan 20, 2016 10:25 PM

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2

Candice A. Donofrio

Fort Mohave, AZ
Roy Kelley

Gaithersburg, MD

Rainmaker
7,869,891

Roy Kelley

Retired - Gaithersburg, MD

Your question makes me glad that I no longer do BPO's.

Jan 21, 2016 12:31 AM

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1

Candice A. Donofrio

Fort Mohave, AZ

Rainer
223,831

LUXURYSOCALREALTY COMPASS La Jolla

Compass - La Jolla, CA

San Diego Partner - The Private Client Network

I've never done one. We have one REO listing becuase we had the listing prior to REO status.

Jan 21, 2016 12:24 AM

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1

Roy Kelley

Gaithersburg, MD

Rainmaker
658,440

Jeffrey Jones

AZ Home Seekers - San Tan Valley, AZ

AZ Home Seekers, azhomeseekers.com

just saw my first BPO order last week since out market fall. It had been about 5 years. Hope its not a sign.

Jan 20, 2016 11:33 PM

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1

Roy Kelley

Gaithersburg, MD

Rainmaker
3,071,489

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Nope - have not paid attention to those...

Jan 20, 2016 11:31 PM

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1

Roy Kelley

Gaithersburg, MD

Rainmaker
2,378,934

Lise Howe

Keller Williams Capital Properties - Washington, DC

Assoc. Broker in DC, MD, VA and attorney in DC

no

Jan 20, 2016 10:59 PM

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1

Roy Kelley

Gaithersburg, MD

Ambassador
6,423,496

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

We seldom see these.

Apr 13, 2019 11:57 PM

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Rainmaker
979,596

Troy Erickson AZ Realtor (602) 295-6807

HomeSmart - Chandler, AZ

Your Chandler, Ahwatukee, and East Valley Realtor

Marilyn - I wouldn't know as I have never done one, and have no idea how to track how many are being performed.

Jan 23, 2016 09:20 AM

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Rainmaker
5,879,125

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

I have never done BPOs, but know our market sees very few bank foreclosures or short sales.

Jan 22, 2016 11:19 PM

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Rainmaker
1,157,791

FN LN

Toronto, ON

No, since BPO's are done in the USA.

Jan 21, 2016 04:07 PM

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Rainmaker
864,708

Les & Sarah Oswald

Realty One Group - Eastvale, CA

Broker, Realtor and Investor

Haven't done one for quite a while. But, I just read somewhere that NOD's are on the rise.

Jan 21, 2016 10:15 AM

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Rainmaker
2,224,473

Debbie Laity

Cedaredge Land Company - Cedaredge, CO

Your Real Estate Resource for Delta County, CO

I do a lot of BPOs. I'm noticed them slowly dropping off for the last year. This month has been good for me, but they all came at once. Now I've pretty much had the week off from them. I think with the number of distressed properties fading, we are going to see BPO orders fade as well. There will still be refinances and other reasons to do, though.

Jan 21, 2016 10:02 AM

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Rainmaker
3,986,308

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

In crease in my area, but I don't do them...I can spend my time much better

Jan 21, 2016 08:25 AM

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Rainmaker
556,536

Greg Cremia

Shore Realty of the Outer Banks - Nags Head, NC

With rpr now handing over our sold data to the banks and asset managers, you can expect bpos to eventually go away completely.

Jan 21, 2016 03:10 AM

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Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

I don't do BPOs so I wouldn't know.

Jan 21, 2016 03:05 AM

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Rainmaker
1,057,404

Candice A. Donofrio

Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ

928-201-4BHC (4242) call/text

I finally got them all to stop sending me residential BPOs . . . last one I did was years ago . . . but the market has been improving and more equity than distressed sales is probably why they are subsiding. They'll never go away forever.

Jan 21, 2016 01:22 AM

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Rainer
3,682

marilyn koehler

Odessa, FL

Thanks for all your input. BPO's are my main source of income from real estate since I am mostly retired, having been a broker for 38 years. I do about 20 to 30 a week myself. No assistants or out sourcing, so when the orders drop to almost zero I panic a little. I think Sam is right, it is just the time of year.

Jan 21, 2016 12:35 AM

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The last BPO I was asked to do was more than five years ago.
People borrowing or refi more in the spring or summer. Banks are too cheap to order appraisals. Order from 2 or 3 different sources and you get a very picture on home valuation.

Going away? Never.....
I've never done one. We have one REO listing becuase we had the listing prior to REO status.
just saw my first BPO order last week since out market fall. It had been about 5 years. Hope its not a sign.
Marilyn - I wouldn't know as I have never done one, and have no idea how to track how many are being performed.
I have never done BPOs, but know our market sees very few bank foreclosures or short sales.
Haven't done one for quite a while. But, I just read somewhere that NOD's are on the rise.
I do a lot of BPOs. I'm noticed them slowly dropping off for the last year. This month has been good for me, but they all came at once. Now I've pretty much had the week off from them. I think with the number of distressed properties fading, we are going to see BPO orders fade as well. There will still be refinances and other reasons to do, though.
In crease in my area, but I don't do them...I can spend my time much better
With rpr now handing over our sold data to the banks and asset managers, you can expect bpos to eventually go away completely.
I finally got them all to stop sending me residential BPOs . . . last one I did was years ago . . . but the market has been improving and more equity than distressed sales is probably why they are subsiding. They'll never go away forever.
Thanks for all your input. BPO's are my main source of income from real estate since I am mostly retired, having been a broker for 38 years. I do about 20 to 30 a week myself. No assistants or out sourcing, so when the orders drop to almost zero I panic a little. I think Sam is right, it is just the time of year.