Commercial BPO and the Importance of a Good Commercial Real Estate Broker.
Real estate agents wanting to earn extra income will be keen to learn more about Commercial Broker Price Opinion / Commercial BPO as it can be seen as a supplement to a commercial broker’s income and is well worth investigating.
There is a huge and growing demand for professional real estate experts in their local real estate market. Commercial Broker Price Opinion / Commercial BPO is considered a great new income stream and gateway to the lucrative sector of commercial real estate using your regular real estate license. Hordes of financial institutions including banks are requesting commercial broker price opinion value reports on all types of commercial properties.
Higher commercial vacancies are being realized as property values of commercial properties continue to drop across the USA. There are talks of a tidal wave of industry foreclosures and as much as $1.4 trillion dollars in commercial loans are due in the next couple of years
Professional real estate agents need to set themselves up an learn to adapt in evaluating, analyzing, managing, marketing and forecasting property values in the commercial real estate sector as lucrative income and business opportunities are there for the taking within the next 2 to 3 years
Opportunities To Make Great Income From Your Commercial Broker Price Opinion / Commercial BPO
Assignments in the commercial and industry sector begin with the completion of a logical and comprehensive report called the Commercial BPO / BOV (Broker Opinion of Value)
This presents great opportunities for brokers to earn supplemental income in an arena that they are already familiar and an expert in their marketplace. Institutions would rather turn to professional commercial real estate brokers instead of more expensive licensed appraisers as they will be able to obtain a similar abbreviated report from the commercial real estate broker — commonly known as Commercial Broker Price Opinion / Commercial BPO.
Financial institutions will need the professional price opinion of real estate agents to determine what the property is worth and how long the property will take to sell.
Commercial BPO (Commercial Broker Price Opinion) are used by lenders to assess the valuation of a property at a given period of time. Factors include time on market, market trends, comparables and supply / demand trending and more.
The Commercial Real Estate Broker gets paid for each BPO report that they do. It is a great way for real estate agents to supplement their income. It is advisable to learn how to do Commercial BPO accurately to build your credibility as a professional real estate broker.
Professional commercial real estate broker interested in Commercial BPO need to position themselves and learn all there is to know about the following essential prerequisites in compiling Commercial Broker Price Opinion reports:
l Knowing how to calculate capitalization rates
l Operating expenses need to be optimized
l Vacancy rate factors needs calculating
l Learn about the various commercial lease types
l How to calculate gross rent multipliers
l Building rapport with REO asset managers
l Learn how market yourself to asset managers
l Know what commercial property costs and where to source the info from
l Ability to analyze seller’s intent
l Do a cash flow based evaluation
l Know how do a cash flow projection report
l Must know how to include detailed comments about the site visited and putting it in report form
l Include photos of the property
Any commercial real estate broker looking for ways to earn extra income must be sure to learn more about how it works to make a very good income from commercial broker price opinion / Commercial BPO
Two very good Commercial BPO / Commercial Broker Price Opinion resources are:
http://www.commercialbrokerpriceopinion.com/
http://www.commercial-bpo.com/
Call Michael Duhs, Managing Director of East West Valuation Services, at (949) 939-8352.
Michael Duhs, Managing Director of East West Valuation Services, writes “There is a burst of new Commercial Broker Price Opinions (BPO’s and BOV’s) coming through the pipeline.
East West Valuation Services’ national platform is gaining the attention of national and regional lenders and investors. “Our commercial Broker Price Opinion BPO platform is being called upon more often to fulfill national orders,” recently remarked Michael Duhs – Managing Director. East West Valuation Services is squarely focused on commercial real estate and the requirements of lenders, banks, and special servicers. Commercial BPO’s, Commercial BOV’s, and Commercial Broker Price Opinions are a significant segment of a diverse full service commercial real estate firm.
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For a FREE quote on nationwide bulk or one-off Commercial BPO’s / Commercial Broker Price Opinion, please call us at at (949) 939-8352
Michael Duhs, Managing Director
East West Commercial
Michael.Duhs@EastWestValuation.com
http://www.commercialbrokerpriceopinion.com/
http://www.commercial-bov.com/
http://www.commercial-bpo.com/
With the potential for higher taxes in 2011 property owners and investors are testing the water to see if they can get their price on selling their properties. As such, Michael Duhs of Commercial Broker Price Opinions BOV is seeing an acceleration of the number of properties it’s valuating. Commercial Broker Price Opinion BOV is still seeing an abundant of activity in California, Arizona, Nevada and Florida. For a quote on a nationwide Commercial Broker Price Opinion BPO call 949-939-8352 or visit http://www.CommercialBrokerPriceOpinion.com