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Current Listings Subject Listing #1 Listing #2 Street Address Zip Code Data source Miles to Subj. List Price $ Days on Mkt. Age Condition Style/Design Living Sq. Feet Br/Ba Total Room # Garage Basement (Yes/No) Basement (% Fin) Lot Size Other *Listing # is the most comparable listing to the subject. Comments (why the comparable listing is superior or inferior to the subject). Listing #1: Comp Listing #2: Listing #3: Notes: Page 1 of 5 Word version copyright 2009 Forms in Word (www.formsi ...

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What does BPO mean in real estate terms?

A broker price opinion (BPO) is the estimated value of a property as determined by a real estate broker or other qualified individual or firm. A broker price opinion is based on the characteristics of the property being considered.

Is a BPO better than an appraisal?

Home appraisals are conducted by trained experts, while BPOs are done by agents or brokers. The appraisal accuracy will be much higher because appraisers must meet certain educational guidelines and benchmarks. They also take continuing education courses in valuation. BPOs are less expensive to order than appraisals.

What is a brokers opinion of value document?

Brokers Opinion of Value Examples include determining a listing price for selling a home, establishing the value of a home for an estate or other legal matters, and determining the current value of a home for insurance purposes.

What is a BPO form?

A broker price opinion can be requested by a lender who wants an assessment of a property for such needs as the refinancing of a mortgage or a foreclosure. The owner of a property could also seek such an opinion if they are looking to make changes either through a sale or a refinancing of their mortgage.

How to do a commercial BPO?

7 Steps to Creating a BPO in Commercial Real Estate 1) Choosing the right form. 2) Deciding on the age/style of the CRE property. 3) Take pictures. 4) Take measurements. 5) Note any repairs or maintenance required. 6) Conduct property and market comparison. 7) Finish the BPO forms.

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What is a BPO order?

BPO stands for broker price opinion, which is the approximate dollar value assigned to a property by a real estate professional. BPOs are most commonly used to set listing prices, but they can also be used for evaluating estate values and helping homeowners who want to refinance their mortgages.

What is a BPO used for?

BPO is the abbreviation for business process outsourcing, which refers to when companies outsource business processes to a third-party (external) company. The primary goal is to cut costs, free up time, and focus on core aspects of the business.

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