Comments on: To BPO or Not to BPO: That is The Question http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/ News, insights, tools, and inspiration for business owners and professionals Fri, 10 Feb 2012 15:13:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Wilkins http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37675 Matt Wilkins Thu, 27 Aug 2009 04:28:06 +0000 http://agentgenius.com/?p=16411#comment-37675 I know I'm going to be the odd man out here but I've been doing BPOs since November 2006 and now consistently do 100-150+ per month. Like anything else you have to have a system in place. I am very selective about the areas I service and plan routes for orders in my queue to make the most efficient use of time and gas many times molding BPO routes around my schedule. I'm also chooosy about the companies I work for based on criteria I set. Have I gotten a listing rom one... No. However I'm not sure if I want to from seeing what the listers in my area have to go through. My take on it: It is a nice way to earn a base income by staying immersed in the local market while still allowing time to work with a client base without feeling the need to push them into a sale. I know I’m going to be the odd man out here but I’ve been doing BPOs since November 2006 and now consistently do 100-150+ per month.

Like anything else you have to have a system in place. I am very selective about the areas I service and plan routes for orders in my queue to make the most efficient use of time and gas many times molding BPO routes around my schedule. I’m also chooosy about the companies I work for based on criteria I set.

Have I gotten a listing rom one… No. However I’m not sure if I want to from seeing what the listers in my area have to go through.

My take on it: It is a nice way to earn a base income by staying immersed in the local market while still allowing time to work with a client base without feeling the need to push them into a sale.

]]> By: Fedric Lewis http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37621 Fedric Lewis Mon, 24 Aug 2009 20:24:23 +0000 http://agentgenius.com/?p=16411#comment-37621 Hi...The concept of BPO companies is getting popular these days with the cost and time considerations. The outsourced work is being done at reasonable rates in a stipulated time. So its one of the fast growing industries today and a logical sequence of globalizing the IT market. Hi…The concept of BPO companies is getting popular these days with the cost and time considerations. The outsourced work is being done at reasonable rates in a stipulated time. So its one of the fast growing industries today and a logical sequence of globalizing the IT market.

]]> By: Jason Sandquist http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37588 Jason Sandquist Sun, 23 Aug 2009 02:48:48 +0000 http://agentgenius.com/?p=16411#comment-37588 I use to do BPO's as well in hopes of getting some listings. Then I realized I was doing all the BPO's for listings being taken by the craptacular agent who never had time to respond to offers in the first place, so I walked. They paid pennies... Joe's right, to much time and no return from some, not all. @Diane - funny one of the companies I signed up for was REOtrans and never got one. Also hate those BPO companies that do an email blast and the first one that responds gets it. Not a very good way to do business IMO >>> one of those companies is mark to market I use to do BPO’s as well in hopes of getting some listings. Then I realized I was doing all the BPO’s for listings being taken by the craptacular agent who never had time to respond to offers in the first place, so I walked.

They paid pennies… Joe’s right, to much time and no return from some, not all.

@Diane – funny one of the companies I signed up for was REOtrans and never got one.

Also hate those BPO companies that do an email blast and the first one that responds gets it. Not a very good way to do business IMO >>> one of those companies is mark to market

]]> By: Paula Henry http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37575 Paula Henry Sun, 23 Aug 2009 01:01:43 +0000 http://agentgenius.com/?p=16411#comment-37575 What I make doing a BPO is time and dollars better spent on marketing and servicing my clients. Not my cup of tea! What I make doing a BPO is time and dollars better spent on marketing and servicing my clients. Not my cup of tea!

]]> By: Joe Dallorso http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37559 Joe Dallorso Sat, 22 Aug 2009 12:23:29 +0000 http://agentgenius.com/?p=16411#comment-37559 I did about 125 BPO's in 2008. I quit because I never got a listing, they took too much time for the money and the BPO company was always calling me about deadlines like I was an irresponsible child. I do think BPO's made me a better Realtor. I'm in a market where 42% of sales are REO or SS. BPO's really drive home what houses are really selling for and what it really takes to sell a house in 30-90 days. The guidelines used by companies like First American & Core Logic make me feel like I can put a value on just about any property. I did about 125 BPO’s in 2008. I quit because I never got a listing, they took too much time for the money and the BPO company was always calling me about deadlines like I was an irresponsible child.

I do think BPO’s made me a better Realtor. I’m in a market where 42% of sales are REO or SS. BPO’s really drive home what houses are really selling for and what it really takes to sell a house in 30-90 days. The guidelines used by companies like First American & Core Logic make me feel like I can put a value on just about any property.

]]> By: Lesley Lambert http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-63826 Lesley Lambert Sat, 22 Aug 2009 00:42:37 +0000 http://agentgenius.com/?p=16411#comment-63826 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">Poll is tied up on my BPO post. Did you vote? http://bit.ly/mhtji</span></span> Poll is tied up on my BPO post. Did you vote? http://bit.ly/mhtji

]]> By: Diane Guercio http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37544 Diane Guercio Fri, 21 Aug 2009 23:32:41 +0000 http://agentgenius.com/?p=16411#comment-37544 I used to do several BPOs a week, and did end up picking up several listings from it. Most of my business at the time was REO. In addition to being signed up with the BPO companies, I was signed up on REOtrans, and had several Clear Capital BPOs that were done for Wilshire turn into listings. Was it worth my time? Would my time have been better spent getting traditional resale listings? I don't know- if you study the stats, most of what was selling was in the REO price category in our area. Of course, when the Mass Land Court decision went into effect, it all became moot. I used to do several BPOs a week, and did end up picking up several listings from it. Most of my business at the time was REO. In addition to being signed up with the BPO companies, I was signed up on REOtrans, and had several Clear Capital BPOs that were done for Wilshire turn into listings.

Was it worth my time? Would my time have been better spent getting traditional resale listings? I don’t know- if you study the stats, most of what was selling was in the REO price category in our area.

Of course, when the Mass Land Court decision went into effect, it all became moot.

]]> By: Ken Brand http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37539 Ken Brand Fri, 21 Aug 2009 22:35:08 +0000 http://agentgenius.com/?p=16411#comment-37539 IF things are tight, doing BPO can put food on the table. If you do them, go in knowing you're doing it for the fast paycheck and the service you deliver, if you get a listing, that's a bonus. I think doing them in hopes of getting listings is setting yourself up for disappointment and your time developing business can be better spent in other areas. IF things are tight, doing BPO can put food on the table. If you do them, go in knowing you’re doing it for the fast paycheck and the service you deliver, if you get a listing, that’s a bonus. I think doing them in hopes of getting listings is setting yourself up for disappointment and your time developing business can be better spent in other areas.

]]> By: What to Consider When Accepting a BPO | FAARForum.com http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37537 What to Consider When Accepting a BPO | FAARForum.com Fri, 21 Aug 2009 22:20:33 +0000 http://agentgenius.com/?p=16411#comment-37537 [...] Lambert asked a question on www.AgentGenius.com about BPO’s.  I’m not a big fan of the potential liability that exists with doing [...] [...] Lambert asked a question on www.AgentGenius.com about BPO’s.  I’m not a big fan of the potential liability that exists with doing [...]

]]> By: What to Consider When Accepting a BPO http://agbeat.com/editorials/real-estate/to-bpo-or-not-to-bpo-that-is-the-question/#comment-37536 What to Consider When Accepting a BPO Fri, 21 Aug 2009 22:17:18 +0000 http://agentgenius.com/?p=16411#comment-37536 [...] Lambert asked a question on www.AgentGenius.com about BPO’s.  I’m not a big fan of the potential liability that exists with doing [...] [...] Lambert asked a question on www.AgentGenius.com about BPO’s.  I’m not a big fan of the potential liability that exists with doing [...]

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