Matt Kofsky's (mattkofsky) Blog

I do a lot of BPOs.  I have noticed that certain agents sell on price only.  The range of prices in the neighborhood is $100,000 - $120,000.  One agent has a REO sale at $80,000.  It is always the same few agents with that sale.  They do no marketing, advertising, etc.  They put it up in the mls ...

I was showing property today.  We went up to a very nice house.  I opened the lock box.  There were 2 keys.  Neither one of them opened the front door.  After a couple of minutes the buyer said "Next".   This is the second time this has happened to me in the past month.  How do agents expect to s...

There have been a lot of good discussions about foreclosures.   One topic I have not seen discussed are foreclosures and the elderly.  I know a couple, he is in his 70s, she is in her late 60s.  They purchased their house 4 years ago.  Now it is worth about half of what they paid for it.  They ha...

I was assigned an interior BPO today.  The contact (and future listing agent) is a company about 400 miles away.  I called and they gave me the lock box code.  I drove to the house and the locks have been changed but there is no lock box.  I called the agent and left voice mail.  About 30 minutes...

I am a morning person.  By 9 am I have gotten done over half of what I will accomplish in the day.  That is when I am most efficient.  I build my day around the fact that I am a morning person.  I do the hardest things in the morning.  I do the easiest things in the afternoon.  If you plan your d...

I just received 3 BPOs on the same street, 9130, 9175 and 9315. This is an established neighborhood, not a new home development. It definitely cuts down on the driving time. Oh, the things we do to entertain our self while we do BPOs. Can anybody out there beat my record?

I finished a BPO today.  It is for a rural area near here.  It is within the city limits but is 50 miles away from where I live.  In the area, there are 20 properties currently listed for sale.  There has been 1 sale in 2009.  There was 1 sale in 2008.  There were 5 sales in 2007.  My comps were ...

I was recently assigned an interior BPO.  I called the homeowner to make an appointment.  She told me it was a loan modification.  We agreed to meet at 4:30.  About 3:00 I received a phone call from her lender.  She was not comfortable having someone come into her house and take pictures.  The ap...

Different BPO companies use different forms with different fields on them. Sometimes 1 company has multiple forms. Did you ever notice that they always give you the wrong form for the property? One company has a form with questions about a guest house. I have always answered no guest house. I fin...

Different BPO companies use different forms with different fields on them.  Sometimes 1 company has multiple forms.  Did you ever notice that they always give you the wrong form for the property?  One company has a form with questions about a guest house.  I have always answered no guest house.  ...