sddodo it is a tough call. The issue at hand is that every property is unique. I have seen BPOs done by imbeciles and I have seen other ones that are very accurate. Also how long have the places been on the market? I guess it is a speculative question and the issue really is up to the investors. Remember the negotiator gathers the package up and sends it to the investors and they give a thumbs up or down. Will they take something WELL below the BPO or not? I am not so sure that there is a rule of thumb. Sounds like you already know what the BPO is so how accurate do you think that is? When was the BPO done? Was the amount of the BPO given to you from the listing agent? Anyways you can pick a number and try to deal it out to them right? 5% a bit more or a bit less? Also are there any other liens? The net is what is most important to the investors so if there are no liens then you have more play in the BPO undercut.
