BMV stands for "Below Market Value." These properties are sold at a price below their current market value, often due to reasons such as the need for a quick sale, repossession, or the property requiring renovation.
Property Filter includes BMV properties, enabling users to specifically search for these deals, streamlining the process of finding investments that could potentially offer a higher return on investment (ROI). For sellers, listing a property as BMV can attract a specific market segment looking for such opportunities, facilitating a quicker sale in situations where time is of the essence.
To find BMV below market value deals, go to your Lead Generator, select an area then once directed to the search results, kindly click on the Filters and choose the 20% BMV strategy template. This pre-set template will focus on properties with a price of 20% below Market average in the area.
And also you can use the Motivation indicator "Below Avg. Price". Just click on the motivation indicator Below Avg Price in the Sort By tab.
Please refer to the photo below:
