Читать книгу Magic BPO Success Secrets - Cory Ph.D Boatright - Страница 10

* PRETTY HOUSE

* UGLY HOUSE

*SCARY HOUSE

Examples

*Pretty House: (Generally in safe, desirable areas and houses selling fairly quickly)

ARV1FMV: $100,000

REPAIRS: $5-10,000 (5-10%)

BPO: $80-90,000 +15%

*Ugly House: (Generally a light rehab or fixer-upper, handyman special house in fair neighborhoods)

ARV1FMV: $100,000 (With Ugly Houses this number tends to be the “as is“ value instead of ARV.)

REPAIRS: $11-20,000 (11-20%)

BPO: $80,000 +15%

* Scary House: (Generally in areas that are not desirable, massive repairs needed, lots of crime isn't uncommon)

ARV1FMV: $100,000 (With Scary Houses this value tends to be the “as is“ value instead of ARV.)

REPAIRS: $35,000 (21 - 35% +)

BPO: $65,000 +15-10%

You can have a Scary House located in a great, fast selling neighborhood and combination of the others, but generally speaking Scary and Ugly Houses will not be located in excellent neighborhoods. Remember this is a guideline, not an exact science. The BPO agent will generally consider the “as is“ value for both Ugly and Scary Houses.

Now let's discuss the different loan types the lenders will consider a factor per short sale submission.