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What is a BPO form?

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.

What is a BPO for realtors?

A broker price opinion (BPO) is a real estate professionals dollar estimate of a propertys worth. It is an opinion, but one often backed up by the selling prices of comparable homes in comparable neighborhoods.

How do I get a BPO appraisal?

Asking A Real Estate Agent Or Broker If youre working with a real estate agent or through a broker, you can ask them to do it. They may even create a BPO free of charge if youre already working with them on a purchase or sale.

What is the process for creating a brokers price opinion BPO?

External BPO (also known as a drive-by BPO): In this type of broker price opinion, real estate professionals simply analyze the exterior of a property without checking its inside. They will also include information about recent home sales and the strength of the local real estate market in determining a homes value.

What is a BPO in real estate?

Most NABPOP members do BPOs to supplement their real estate income, but some perform BPOs exclusively and earn up to a 6 figure income. NABPOP members enjoy a consistent and steady flow of BPO income between real estate deals.

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