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The document is a Broker's Opinion of Value for a vacant commercial land parcel located at Lot 39, NW 91st Place, Chiefland, FL. It provides detailed property information including zoning details, market appeal, area characteristics, and positive and negative attributes of the property. The broker estimates the sale value to be $19,000 for a 60-90 day period and $15,500 for 90-180 days. The document emphasizes that this opinion is not an appraisal and includes disclaimers regarding the accuracy of the information provided.

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How to create a broker opinion of value?

To fill out a Broker Price Opinion, the broker should collect relevant data about the property, including its physical condition, comparable property sales, and current market trends. This information is then compiled into a standardized report format that details the estimated value and supporting rationale.

What is the difference between an appraisal and an opinion of value?

A broker opinion of value is typically requested by a property owner and completed for free. An appraisal could be requested by a lender or property owner and comes with a cost.

What is true regarding a brokers opinion of value?

A brokers price opinion is often considered a personal opinion, not a representation of fact. So, it is a cost-effective way to determine value but cannot be relied on to get a loan.

Is a BPO better than an appraisal?

BPO companies charge a range of rates and the costs vary depending on the services you need. Costs can range from as little as USD $50 per month to USD $1,500 per month when you sign up for subscription-based services.

How much is a brokers opinion of value?

Its Free: Unlike an appraisal, a broker will offer their opinion of value free of charge.

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What is the cost of a BPO?

What Is a Broker Opinion of Value? A BOV serves as an informed estimate of a propertys fair market value or fair market rental rate, considering the prevailing and near-term market conditions.

Does a broker price opinion cost money?

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.

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How to create a broker opinion of value?

What is the difference between an appraisal and an opinion of value?

What is true regarding a brokers opinion of value?

Is a BPO better than an appraisal?

How much is a brokers opinion of value?

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What is the cost of a BPO?

Does a broker price opinion cost money?

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