How to create a Buy Box

* To save each change, you have to click on "Next"

1. Navigate to your domain/Buybox

2. Click "New buybox"

3. Click Market Reverse Buybox

4. Type the name of your Buybox.

5. Click "save"

6. Counties

We recommend selecting similar counties in the same Buybox
Also, counties with large differences in median prices should be in different Buyboxes. We look for about a 25% difference in median prices to decide when to split counties into different Buyboxes.
For Commercial and Land Buyboxes, avoid this rule. The price does not matter enough to create a different Buybox

7. Select the counties

8. Click "Next"

9. Property Type

We advise using separate Buyboxes for residential, commercial, and land property types.

Clients must rate the diferent Property Types based on their preferences.

Residential:

Commercial:

Land:

10. Weights

The best practice is to follow the recommendations we gave to you.

11. You can drag the dot to the green point.

12. Here you can see the percentages (we recommend not to change them).

13. Zip Code

If the client wants, they can choose any Zip Code. We will match their choices with our Market Reverse Buybox (MRBB) and Client Reverse Buybox (RBB) suggestions.
It is important to talk to the client about these suggestions. We should focus on what the client needs first (RBB) and use the MRBB to help more. If the client is not sure about which Zip Code they want, we can just use them all.

14. Click "Map"

15. You can see the location

16. Owner type

Choose based on the client's experience.
Remember to ADD COMPANY. Many properties without living owners are owned by companies (absentee), and these are good for finding deals.

17. Years of Ownership

Do not forget to add 5 stars to the Unknown
We strongly advise against adding properties with less than 5 years of ownership, as they are typically not sold to investors.
Inheritance is not considered a valid transaction. So, in that case, the ownership duration continues from the previous owner.

18. Years Old

Properties that are 15 years old or newer al seldom sold to investors at a discount. This is why we recommend to exclude these properties.
For large buyboxes (over 500k parcels) we can easily start with 20 or 25 years plus so we have a tighter buybox, this will increase the performance of the data. If the client's marketing needs are higher and we need to expand the buybox we can go back to 15+ years old.
Residential
- Let’s follow the standard recommendation. (15 years or older)
Commercial
- Let’s follow the standard recommendation. (15 years or older)
Land
- Because the weight is 0, select ALL.

19. LTV

The loan-to-value ratio is the amount of the mortgage compared with the value of the property. It is expressed as a percentage.
Follow the recommendations
Avoid the last two ranges (more than 100%)

20. Estimated Market Value

Remove outliers and prioritize properties based on Estimated Market Value
The recommendation depends 100% on the MRBB and RBB for residential Buyboxes, for the rest, use our our criterion and client feedback.
Residential
- The total value ranges typically from $100K to $600K. It varies with each client. We suggest looking at how many properties fall into different price ranges. Most of our clients don't buy properties over $800K. Always check with the client. Follow the MRBB's advice.
Commercial
- For commercial properties, the total value usually has a normal distribution too, but the prices tend to be higher due to the type of property
Land
- For land, total values usually range from $10K to $500K, but it really depends on the client. We base our recommendations on how many lands are in each price range. Our clients generally don't buy land over $500K. Always confirm with the client.

21. Living Area and Lot Size

Follow the standard recommendations
Make sure to ask the client if this matters to them and then go with what the MRBB suggests. Because living area has 0% weight to Commercial and Land Buybox, just Select All.

22. Click "Save"

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