Is it true that you can only do a BPO once?

When I first got into the business I was told you could not do a bpo on a property if you had done one on that same property before.  This may have been true at one time but not anymore.  It is very important that you read the instructions in the bpo order because if this is an issue it will be in the wording.  I do have many companies where this is not an issue at all.  In fact, Clear Capital sends many orders with the subject line “Do it Again”, when I have done an order on that particular property before.  A word of caution.  If you have done a prior report on a property, be sure to pull up your prior report.  If your valuation is way different than your prior you will be doing twice the work because in most cases it’s not going to be accepted until it’s reasonably in line with the market and any recent market changes.  Good Luck!

The BPO Expert



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