24 Sq. Ft. ‘We Sell

The Importance of Being Accurate and Complete

If you’re already an REO agent or want to become one, there’s one indispensable thing you have to do to receive a neverending stream of REO listing assignings and BPO orders. And that’s to strive to submit on time, each time, a 100% precise and finish BPO (Broker Price Opinion).

For those of you incognizant of what a BPO is, it’s a tool applied by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary – BPO’s are used extensive on foreclosures. REO agents and brokers are assigned to do them by the lender or asset management company, and it’s likewise a mutual entryway to actually being awarded REO properties to sell.

Doing an precise BPO may be tricky and difficult, however, when you adjust the price of the foreclosed property versus active and sold comparable properties in the gross living area. This is one of the basi things the asset manager or the quality control manager is going to review when they’re auditing your BPO.

If your adjustments aren’t consistent and on the money, then you’ll be asked to do it all over again – and your quality control score will suffer. There’s a way to stay clear from that adverse circumstance – by using the formula beneath to accurately calculate the adjustment.

Step #1: Add the sales price of all three of your sold comparables: For example, $900,000 + $870,000 + $800,000 = $2,570,000

Step #2: Add up the square feet (above ground – do not include the basement, if there is one) of all three sold comps.

Example: 4,000 sq. ft. + 4,500 sq. ft. + 4000 sq. ft. = 12,500 sq. ft.

Step #3: Now, divide the total combined sales price of all three by the total square footage of all three.

Example: 2,570,000 from Step #1 separated by 12,500 from Step #2 = 206. This determines your intermediate price per square foot in the area: $206.

Step #4: Determine your adjustment value by multiplying that intermediate price by.25. Example: $206 x.25 = $51.

So $51 is the amount you would use to adjust for the variance in square feet amidst the subject property you’re doing the BPO on and your comps.

Here’s how you use that number. Let’s say the divergence in square feet among the subject property and the comp is 500 sq. feet in this queer scenario. That means you multiply that 500 by $51 – which equals $25,500. That is your adjustment figure.

So if the comp is bigger, you would make a negative adjustment by subtracting the $25,500. If it’s smaller, then you make a positive adjustment and add $25,500.

Keep in mind that you are attempting to “equalize” the conveyed value. Let’s carry on working with the $51 per square foot adjustment figure we calculated above. Let’s say your comp is 3,800 sq. ft. and, again, your subject property is 4000 sq. ft. The divergence is 200 sq. ft. We multiply that by the $51 and raise the conveyed value of it by $10,200.

By making this adjustment, we are saying that if the comp were 200 sq. ft. more prominent (equal in size to our subject), that it would have sold for $10,200 more than it actually did trade for.

24 Sq Ft We Sell

This item by, We Sell Mats, comes with six multi-color tiles (Red, Yellow, Blue, Green, Purple and Orange). Each measuring 24″ x 24″ for a total of 24 Sq Ft. Measuring 3/8″ thick (please refer to a ruler to make sure this is the thickness you need) and exceedingly durable. Borders Included. Perfect for ages 3+. Provides a cushion to hard floor surfaces in playrooms, classrooms, daycares and more.

Most helpful client reviews

24 of 24 people found the following review helpful.
good and bad
By Buttons
We wanted a soft place for our baby to hang out while she was not so steady sitting up. It is that, and the colors are bright without being obnoxious, so I’m happy to have it in the living room. The trim, though is problematic and I give hope or courage to the manufacturer to figure something else out. Our baby liked to pull it off and then chew on it. It comes apart gorgeous without apparent effort if gnawed on, so this poses a choking hazard. We got rid of the trim entirely, but then the “puzzle piece” that sticks out is itself tempting to chew on. As in all things, close supervision is needed, but I feel like this is a definitive design flaw. Also, the texture of the mats makes them difficult to wipe clean. Dust and molecules get caught in the little divets.

16 of 18 humans found the following review helpful.
Just what I wanted!
By Nathan’s Mommy
These mats are great! My 7 month old son is allergic to our carpet and breaks out in a huge rash whenever he touches it! We tried putting blankets down but he always rolls off them and someways gets on the carpet again. He likewise spits up a lot so we end up washing his play blankets often. I ordered two sets of these mats so I now have a 6×8 padded and easy to clean area for him to play on. They link together tightly and seem sturdy sufficient for baby play. I like these because they do not have the cutout shapes/letters like other mats that may be a choking hazard. They were likewise half the price of similar merchandise which was a plus! I will in all likelihood buy more for grandmas house!

4 of 4 people found the following review helpful.
Uncertain
By Michelle
I will have to have known when I saw that they could not spell “fatigue,” which is percentage of their title, and share of the function.

This was sad and not very “sturdy.” The pieces come detached far too easily.

I found another company which makes much more substantive foam mats in this style.

See all 37 client reviews…