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Brokers opinion of value

Brokers Opinion of Value - Southeast Bank Properties 2026

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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 property details including zoning information, market appeal, and positive and negative attributes of the property. The area is prone to flooding and has limited access. The broker estimates the sale value at $19,000 for 60-90 days and $15,500 for 90-180 days. The suggested list price is $22,900. The document emphasizes that this opinion is not an appraisal and includes disclaimers regarding the accuracy of the information.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property information. Fill in the address, city, county, state, zip code, and loan number in the designated fields.
Next, indicate the Brokers Opinion of Value date and assess the market appeal by selecting one of the options: Excellent, Good, Fair, or Poor.
In the Property Description section, select the property type and use from the provided options. Enter specific details such as building square footage and legal description.
Complete zoning details by reviewing requirements for building on this parcel. Ensure you note any necessary approvals needed from local agencies.
Provide area details including positive and negative attributes of the property. This will help in evaluating its market position.
Finally, fill out valuation estimates for sale values and suggested list prices based on your analysis.

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What is a broker opinion?

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.

How does a BPO differ from an appraisal?

The two main differences between appraisals and BPOs involve time and cost. Trained experts conduct home appraisals, while BPOs are done by agents or brokers. The appraisal accuracy will be much higher because appraisers must meet certain educational guidelines and benchmarks.

What is a broker opinion of value in real estate?

The so-called BOV - Broker Opinion of Value, is basically a brokers price opinion on a given property. This professional assessment is performed by an experienced real estate agent. A BOV goes far beyond a simple evaluation, this tool is essential for successful real estate transactions.

How accurate is a broker price opinion?

How Accurate Is a Broker Price Opinion? Its hard to determine how accurate a BPO is since theyre so subjective and BPOs vary widely. If youre looking for the most accurate valuation for your home, youll probably want to pay for an appraisal.

What is the most common reason that a broker price opinion is used?

Typical reasons for ordering a broker price opinion include estimating value prior to purchase or sale, understanding collateral value when securing a new loan or refinancing, estimating liquidation value, buying out a partners interest in a property among many others.

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Is an opinion of value the same as an appraisal?

The following factors are typically considered during a BOV: Location. Property type. Physical condition. Market conditions. Comparable sales. Financing analysis. Zoning and legal considerations. Forward-looking projections.