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Click ‘Get Form’ to open the BROKER PRICE OPINION - Dataflo MLS in the editor.
Begin by filling in the 'Current List Price', 'Date', and 'ORDER NUMBER' at the top of the form. Ensure accuracy as these details are crucial for valuation.
In the 'NEIGHBORHOOD DATA' section, select options that best describe the area, such as 'Urban', 'Rural', or 'Suburban'. Assess supply/demand and property values to provide a comprehensive overview.
For the 'SUBJECT PROPERTY' section, input specific details about the property type, size, and features. Highlight both positive and negative aspects affecting marketability.
In the 'COMPARABLE SALES' and 'COMPARABLE LISTINGS' sections, enter relevant data for similar properties. This includes addresses, conditions, and pricing information to support your opinion of value.
Finally, complete the 'BROKER/AGENT INFORMATION' section with your contact details to ensure proper communication regarding this opinion.
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While a BPO is not the most accurate appraisal tool, it often is good enough for a client to be comfortable moving forward with the next step in their sale or purchase of real property.
How much does a broker price opinion cost?
BPOs likely wont line up with a propertys full market value. BPOs are less expensive to order than appraisals. Appraisals generally cost anywhere from $300 $450 (for single-family homes) and up to $600 (for multifamily homes). The average price of a BPO can range from $50 $300, though prices vary by location.
How to get a broker price opinion?
How to get a broker price opinion. The easiest way to get a BPO is by asking your own Realtor or real estate agent to assess the homes value. However, you can also use most real estate agents in your area. You may also want to consider searching the National Association of BPO Professionals directory instead.
How much should I charge for a broker price opinion?
The average price of a BPO can range from $50 $300, though prices vary by location.
What is a broker price opinion report?
A broker price opinion (BPO) is a real estate professionals official estimate of a propertys value. BPOs may be helpful when buying or selling a home. Buyers can use the BPO to help find out whether theyre getting a good deal. Additionally, the service may help sellers market their homes with an accurate price.
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