Real estate agents looking for a career change due to the slow down in the economy can find a way to start a business with the opportunity that allows them to use their real estate experience and expertise.

Companies that are looking to hire real estate agents who have decided to get out of the real estate industry market have realized that the housing crisis and increase in foreclosed homes. Bank REO foreclosure departments need comparative market analysis and broker price opinions.

Real Estate Industry alternative

Some of the things you will need to know if you are interested in the career change from the real estate industry into the foreclosure market is to know how to list a banked owned foreclosures these CMA's will tell you how much these homes are worth finding out how to figure out home pricing,

Comparative Market Report Listings

so here is some of the things a comparative market report can have, starting with active listings of current homes for sale this is where you will find out what the competition is formally active listings that are now under contract are called pending listings, here the sold price is only determined after the transaction closes. Homes that have closed in the last six months will be the comparative sales you can use which is called pending listings.

Properties that were taken off the market are withdrawn or cancelled for a variety of reasons. Either because the prices were too high or sellers remorse with other reasons being low ball offers rejected, home inspection or change of agents.

This can be done by looking at location, similar square footage, construction amenities or upgrades, so no matter what the economy or recession or depression may say the real estate expert can find a business opportunity with Broker Price Opinions or also known as BPO,

Broker Price Opinions used to value properties 

With this tool that is used by lenders and mortgage companies allows for valuing properties in order to avoid appraisals REO departments have a excess of foreclosures that they need to get listed as well as cleaned, so if you are looking for a way to provice cleanup services to cleaning trashed out homes that have been left unattended.

Mortgage and lending companies that use BPO's are for some of the following reasons to avoid the cost of an appraisal, delinquent payments and pending foreclosure or refinance situation.

How a BPO works:

Where a lender is considering foreclosure and they are working with the borrower the lender will order a BPO, this is how they get a estimate of the current value of property and compare it to the mortgage balance in order to recommend the best solutions.

HUD homes and Foreclosures

You may first be able to start your cleaning business with hud homes since the types of foreclosures that HUD foreclosed homes has led to a foreclosure crisis, and that has led to the banks for foreclosed homes which are on bid so its not necessary to just place ads for foreclosure home cleanup you can also place ads for foreclosed homes hud repair.

Starting a foreclosure cleaning business as a real estate agent is what some are looking to do after leaving a industry that has seen many fat cows and now is headed toward the skinny cows, due to the slowing economy and many people losing their jobs as well as their homes.

Cleaning foreclosed homes is also called Property Preservation because you are making sure that the homes are kept in good condition and are nto left unattended so that they can be listed and put back on the market for resale.

Mortgage crisis foreclosed homes cleaning service

Cleaning up foreclosed homes after the mortgage crisis is how some will be able to recover from such a devastating situation as loss of funds.

Learning how to promote your business in cleaning foreclosure homes takes knowing where to advertise and who to contact in the business, when you get your name out there and start networking with investors and mortgage lenders than you can set your own schedule. If you have a need for foreclosure clean outs you could also place an ad in the free classified sites.

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