Released on: April 24, 2008, 11:01 pm

Press Release Author: Paramount Promotions LLC

Industry: Real Estate

Press Release Summary: In a recent interview, Jeff Kaller discussed BPO's (Broker
Price Opinions). A BPO is an estimated probable sale price or suggested list price
provided by a broker for research and business purposes.

Press Release Body: Of course, there is only so much that one can do to influence
this value, as it is - much like an appraisal - based partly on neighborhood
property trends, the condition of the property and comparable sales in the area.
However, as a short sale investor, one wants that value to be as low as legally
possible, and it's the investor's responsibility to himself and the homeowner to
make sure that the broker sees every single solitary flaw.

Investors should be prepared and know what to ask for, and what they want to point
out. A BPO does not necessarily include an analysis of the interior conditions of
the property. So look things over first, and decide if it will help or hurt the
negotiations. If there is mold or mildew, holes in the walls or floor or major
structural damage to interior appliances, etc., the investor will want to consider
inviting the broker in for a complete tour.

Jeff likes to be there in person to greet the broker and to be sure he doesn't miss
anything. He meets them at the property and points out issues that not only decrease
the probable sale price, but also add to the estimated market time. Remember, the
bank wants their money, and the more time he can put in between that house and the
bank's money, the better for him. Jeff also checks out the neighborhood, having the
BPO service include photos of the surrounding property, if it looks like it can be
helpful. Again, depending on the environment, this might be an extra to request, or
one to forgo. Once the BPO is complete, he will submit it to the lender as part of
the total package to sell them on a short sale proposal. This procedure can be very
discouraging and disheartening for the homeowner, as the process of picking apart
what used to be their home can make matters look worse instead of better. Jeff
reminds them, and himself, that this is just part of the solution - he knows, as a
real estate investor, that this BPO is just a means to an end.

Kaller makes a final point at the conclusion of the interview, advising investors to
be certain they are not blind to potential pitfalls that a more objective observer
may spot. If something they are not prepared to deal with appears in the BPO, they
may need to reevaluate their ability to either repair the property or find a buyer
who wants to take it off their hands. The good news is that there are literally
hundreds of thousands of investors out there, and each one is unique. One just needs
to know how to locate and keep in contact with them to have an eager audience for
every short sale that is done.

Jeff offers free lessons and instructions for the amateur investor who wants to get
in on the profit making. His free e-book is available at his website
http://www.freeshortsalecourse.com/

Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.jeffsworkshop.com/

This Press Release has been submitted by PREasy.com


Web Site: http://www.FreeShortSaleCourse.com

Contact Details: Company Name: Paramount Promotions LLC
Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com