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EXCITING NEWS!
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Happy Autumn, fellow BPO Agents! There may be a chill in the air, but things are definitely heating up at nicoleocean.com. I’ve been working hard on updating my BPO Manual with 120 links and am pleased to announce that I now offer a way to upgrade to the newest version for only $10.00. (This blog is intended for my past customers, but if you are not a current customer please feel free to check out my website to learn more about how to purchase your own copy of “All You Ever Wanted to Know About Broker Price Opinions.” The cost is only $55.00What Changes Will You See within the BPO Manual?* An up-to-date list of 120 companies with 8-10 new companies.
* Samples of a Freddie Mac and Fannie Mae BPO form (you can print them out too!) * The entire book has been reformatted and is a total of 81 pages. it is not only easier to read but a lot more attractive *Lastly, more content has been added as well!
 BPO Manual with 120 Links by Nicole Ocean
Click Here to See a FREE 9-page Sample of the BPO Manual. (Don’t purchase it through this sample though, instead go to my shopping cart that is located at: www.nicoleocean.com to make sure you only pay $10.00) Plus, I can also re-send you any eBook that you have purchased from me and may have misplaced and want to receive a copy again? Please note:
I hope you are doing great and thank you for your time!
Respectfully, |
Tag Archive: Foreclosure
I have been doing Broker Price Opinion’s (BPO’s) full-time for 2 years, since September 2006 in fact. I see myself as a non-traditional Realtor because most agents don’t do BPO’s and instead do real estate sales full-time and some may need to have a part-time job on the side for when sales are slow.
In January 2007, I wrote an instructional manual (an eBook) on Broker Price Opinions that is entitled, “All You Ever Wanted to Know About Broker Price Opinions.” I’ve been blessed able to help over 1,700 other real estate professionals all across America in the last year and a half.
Because of this experience I decided to branch out and do BPO training and consulting work alongside of doing BPO work myself. I’ve been offering my training services on BPO’s and have had some heartfelt conversations with fellow BPO Agents.
During my phone conversations with these various BPO Agents I seem to pick up on an underlying theme and topic that keeps coming up and so I wanted to address it here and see what you think.
People were asking me, “Is it Really Getting Harder to Break Into the Broker Price Opinion Business?” I am not afraid to answer this question and tell them my thoughts and perspective on how I feel that the a lot of real estate professionals have been jumping on the BPO Wave these last few years. Who would blame them? It is a wonderful niche market within real estate and a lot agents and brokers who have hit the wave at just the right time are now ‘hangin ten’ and enjoying the swell of REO business that they have worked so hard to get.
I feel that there are still many people wanting to get into the business and have just found out about it! I don’t want to discourage any of these people and say that there is no real opportunity for them any more because they missed the wave as it was cresting. This just isn’t true!
There are many new BPO Agents that are just now getting into the BPO and REO business and are able to still be very successful! Especially in market areas where is not a huge saturation of BPO and REO Agents. I myself live in an area where the typical BPO/REO Agent is an older agent that has been in the real estate business for 10-20 years. They’ve paid their dues, seen a few cycles and simply just put in a lot of hard work and dedication into their business. Anyone that is going to be successful (no matter what type of business they are in) will have to do the same!
The biggest encouragement and advice that I can give to people wanting to get into the BPO business right now is three fold.
1.) Do your research and educate yourself. (Learn as much as possible about BPO’s and the business, either from going to conferences, buying material on the internet, joining forums or going to seminars)
2.) Put in 100% effort and commitment to make sure you succeed as a BPO/REO Agent.
3.) Simply give it your best shot, take a risk and see what happens! “You will never know what your future holds if you are hesitant and cannot take that first step towards building your tomorrow!” (Nicole Ocean)
What are your thoughts?
Have you been thinking to yourself that you don’t know how you are going to be able to stay in real estate?
You may have been watching the current market conditions and see how the uncertain market trends have not only affected your bottom line, but also in your ability to maintain being able to have your real estate business provide a level of livelihood that you need.
I too can sympathize with you! I was once in your shoes. Then I found out about Broker Price Opinion work.
I consider myself a non-traditional Realtor who does Broker Price Opinions work full-time to help supplement my income (really it is my bread and butter), and I look at real estate sales as a BONUS. I don’t have to rely on my real estate commissions to pay my monthly bills. Plus, by doing BPO’s I am in a position of getting REO’s from the various BPO’s I submit to any of the over 30 BPO, REO and Asset Management companies I work with.
You can have the same opportunities as I am so fortunate to be able to enjoy! Not only can doing BPO’s help pay your monthly bills, they can also cover all of the costs involved just to be in the real estate business. Plus, with a lot of hard work, persistence and time, you can make a fairly substantial amount of profit after paying all of your expenses!
I wrote an eBook about BPO’s in January 2007. It is now a best-selling eBook and is entitled, “All You Ever Wanted to Know About Broker Price Opinions.” I’ve helped over 1,700 other real estate brokers, agents and appraisers get into and understand the BPO business.
To learn more about the BPO business, my eBooks and about myself please check out my website: www.nicoleocean.com
Warmly,
Nicole Ocean
nicolesdreams eBooks
360-223-2482
p.s. I also offer personalized training on BPO’s as well as a forum and other BPO related eBooks.
It has taken less than 2 years to have my BPO/REO Forum reach the record amount of having over 1,000 members. I couldn’t be happier!
I can’t get over how far the forum has come in the last couple of years and I couldn’t have gotten this far without the help of everyone who has joined and participated within the forum. Thank you to everyone for making my BPO/REO Forum the best that it can be! I couldn’t thank you enough!
If you aren’t a member yet, I’d like to invite you to come on over to my website and check out all that I have to offer. My website is: www.nicoleocean.com
Let me mention quickly that there are over 140 different Broker Price Opinion and REO related topics being discussed right now!
There is a yearly membership fee of $49.99 and it will be good for a complete year from the day that you make your purchase (You’ll get a full 365 days after making your purchase through the shopping cart at my website: www.nicoleocean.com) Plus, if you have purchased my BPO Manual you will get FREE access to the BPO/REO Forum and will not have to pay the yearly membership fee for one complete year.
Come see what you have been missing and stop on by to get proven answers to the questions that you are having a hard time getting addressed.
I look forward to seeing you online at the forum!
Best to you,
Nicole Ocean
BPO Trainer/Realtor
I had created an online forum for my customers that addresses over 140 Broker Price Opinion (BPO) and Real Estate Owned (REO) topics in February of 2007. It has grown so much over the past year and a half. In fact, to this date there are 985 members within the forum and again it is FREE to join after making a purchase with me or you can purchase a yearly membership fee for $49.99.
You can find it by going to: www.nicoleocean.com
Look for the BPO/REO forum link after making your purchase.
I am estastic at the way that my forum is different than other great real estate forums, such as: www.agentsonline.net and www.activerain.com
After extensive research and careful consideration I have found that many other real estate forums were placing and accepting outside advertising within their forum. I have purposely decided that no outside advertising will be permitted within my website or within the BPO/REO forum. (This is the biggest reason for the yearly membership fee of $49.99)
Many of my forum members mention how positive, open-minded and non-judgemental my forum is, and I couldn’t agree more! I intentionally tried to make it a place where any real estate professional could come, ask questions, read about other BPO and REO Agent’s experiences and learn more than they thought possible or more than they had anticipated.
Come check me out online at my website: www.nicoleocean.com
Warmly,
Nicole Ocean
Realtor/BPO Specialist & Trainer
nicolesdreams eBooks
360-933-1187
360-223-2482
In the almost 2 years that I have been in a Broker Price Opinion Vendor (and BPO Trainer as well as author of a ‘How-to,’ Manual on the topic of Broker Price Opinions.), I have been fortunate to have personally seen numerous changes happen as well as gain insight and knowledge from others are they shared many heartfelt conversations with me. I have had the great opportunity to learn from other BPO and REO Vendors from all over the United States.
One of the more frustrating aspects of our business that has evolved in the last few years is in the fact that the various companies that offer BPO work have lowered the price that they are willing to pay to have a BPO order completed.
I used to make more money on average per order almost 2 years ago and thus I know personally and have been that this change has happened within many of the over 30 companies that I have worked with over the last few years and done over 1,000 BPO’s for. I have had to set a minimum for what I think my time is worth and then decline work if it falls below this.
Another thing that has occured within the BPO Industry is that many states have tightened up on their laws thereby regulating who can and cannot do a BPO. This is in big part by a legal movement from appraisers.
Examples of states where it is illegal to do BPO’s and receive compensation for are: (Unless you are a licensed appraiser)
WV, AZ, PA, UT, NV, MS, NM
Sources:
http://realestate.about.com/od/appraisalandvaluation/qt/bpo_legality.htm
Lastly, with more and more real estate professional and even appraisers doing BPO/REO work, this changes the overall criteria that the various BPO, REO and Asset management companies require to become a new vendor for their company.
I have had a handful of phone conversations with people that are trying to get into the business recently and found that they are being faced with higher standards, being added to a waiting list and even been turned away.
I hope you find good success with BPO’s and thank you for reading my blog!
Warmly,
Nicole Ocean
nicolesdreams eBooks
Realtor/BPO Specialist & Trainer
