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A blog banner by Magellan Solutions titled BPO 101: What is KPI?
KPI in BPO: A Guide to Tracking Performance and Driving Business Results
The Basics of BPO For Companies That
Basics of BPO Outsourcing For SMEs

The Basic Setup For Real Estate BPO Companies

The Basic Setup For Real Estate BPO Companies

The Basic Setup For Real Estate BPO Companies

What is BPO real estate?

In the real estate industry, BPO is a whole different thing. It stands for broker priced opinions or simply, BPO. It is associated with foreclosures and short sales, but other companies such as relocation firms also order BPOs.

So what is a BPO?

A BPO involves a similar process as a real estate appraisal. But it is not as involved nor as complicated which makes it a cheaper option. 

There are also two types of BPO. An interior BPO and a drive-by BPO.

A drive-by BPO involves assessing the home only by its exterior, and it isn’t much more useful than a hastily conducted interior BPO. The agent may not have even personally inspected the home’s exterior, and they may not even live in the same country as the home being sold. Instead, they rely on the home’s photos already posted on a multiple listing service (MLS) website.

On the other hand, a drive-by BPO is referred to as a desktop BPO. specialized software has been used to estimate a value. This works similarly to the types of values estimated by some popular websites such as the Zillow Zestimate. It can be accurate to a certain level. But it does not replace an interior inspection nor is it a full-blown appraisal.

The basic setup for a BPO broker

BPOs don’t necessarily follow a standard format, which means that they may look somewhat different based on the individual practices of the broker. Despite that, some elements are pretty standard for most BPOs.

Location Report

This section typically includes a property’s address, descriptions of all buildings on the property and their dimensions, a map of the site, and aerial images of the property.

Site and Property Information

This will include data about the property’s condition, how it can be accessed, and the visibility of the overall site.

Zoning Report

This will look at whether the property complies with local zoning rules.

Neighborhood Analysis

This will examine the overall neighborhood and may include the broker’s insights as to whether area property values are increasing or decreasing.  

Comps Report

This will include specific information about the comparable properties that the broker or appraiser is using to estimate the property’s value. Notes will generally be added to explain any significant differences between the subject property and the comparison properties. 

Proforma

The proforma is a set of projected numbers that can help an investor understand a property’s potential profitability for the year or years to come. It may include projections of the property’s GPI (gross potential income), NOI (net operating income), or other essential metrics. 

Tenant Data

The section may include some analysis of a property’s rent roll, which could impact the estimated value of the property. For instance, if a large proportion of tenants are behind on their rent, the broker or appraiser may reduce the estimated value of the property.

General Market Report

This section looks at the overall market, incorporating economic, employment, and real estate development data, as well as a variety of other significant trends. 

BPO Valuation

Finally, the valuation part of the report will combine data from all other aspects of the BPO to generate an estimation of market value.  

The best realtor bpo in town

Here at Magellan Solutions, we have a highly experienced management team. They will be with you every step of the way from pre-sales to implementation and continuing through your day-to-day operations. Our staff is thoroughly screened to meet strict qualifications requirements and trained specifically on the tasks for your business. Our ISO certification is focused on information security & integrity.  Protecting your data and providing you with peace of mind is our priority.  You can rest assured knowing that even though your work is being completed from across the globe, it’s being handled with the utmost attention and adherence to strict international security standards.  Attentive Management, competent staff, and rigorous data security are paramount to the way we do business and serve our clients.

Our strategy is simple. Listen to our clients. Assess the tasks that can be outsourced from their workload. Develop a customized outsourcing plan. Lastly,  deliver consistent results with top-notch customer service along the way.

So what are you waiting for? Fill up the form below and find the best realtor for you!

TALK TO US!

Contact us today for more information.

 

    You can also contact our numbers:


    Toll Free: 1 800 371 6224
    US: +1 650 204 3191

    UK:+44 8082 803 175,
    AU: +61 1800 247 724

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    Magellan Solutions Outsourcing, Inc

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    California – USA (West Coast)

    100 Old Country Road Suite H, Brisbane, CA

    94005, United States

    Florida – USA (East Coast)

    1900 South Harbor City Blvd, (East Coast Division)

    Suite 300 Box 48, Melbourne, FL 32901

    Philippines – APAC

    PB Mezzanine Floor, Summit One Tower 530 Shaw

    Boulevard, Mandaluyong City, Metro Manila 1552

    Philippines – APAC

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    US: +1 650 204 3191
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    hello@magellan-solutions.com

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      Call Center Outsourcing & BPO Services

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      • 24/7 Answering Service
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      Quick Links

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      Associations



      Magellan Solutions Outsourcing, Inc

      Arrow Divider Footer min

      California – USA (West Coast)

      100 Old Country Road Suite H, Brisbane, CA 94005, United States

      Florida – USA (East Coast)

      1900 South Harbor City Blvd, (East Coast Division) Suite 300 Box 48, Melbourne, FL 32901

      Philippines – APAC

      PB Mezzanine Floor, Summit One Tower 530 Shaw Boulevard, Mandaluyong City, Metro Manila 1552

      Philippines – APAC

      8th floor, Centris Cyberpod 5 ETON Loop A, Diliman, Quezon City, Metro Manila 1103

      US: +1 650 204 3191
      UK: +44 8082 803 175
      AU: +61 1800 247 724
      hello@magellan-solutions.com

      Quick Links

      • About Us
      • Sample Call Recordings
      • News & Blog
      • Resources
      • Our BPO & Call Center Facilities
      • Message from the CEO
      • Privacy Policy

      Industries

      • Outsourcing for 3D Service BPO
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      • Outsourcing for eServices BPO
      • Outsourcing for Healthcare BPO
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      • Outsourcing for Retail BPO
      • Outsourcing for Real Estate BPO

      Call Center Outsourcing & BPO Services

      Arrow Divider Footer min
      • 24/7 Answering Service
      • Omnichannel Contact Center
      • Customer Support Outsourcing
      • Multilingual Call Center Services
      • Lead Generation Services
      • Cold Calling Services
      • Interactive Voice Response System
      • Staff Leasing
      • Back Office Services
      • Community Moderation Services
      • Virtual Assistant Services

      Associations




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