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How much does a broker price opinion cost?

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.

Who can give a broker price opinion?

A broker price opinion (BPO) is a subjective valuation of a property, made by a licensed broker, as it pertains to a potential purchase, sale or lease[i]. To provide a valid BPO in California, the broker must be a licensed broker making the valuation within the ordinary course of the brokers business[ii].

How do I order 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.

What is the process for creating a brokers price opinion?

What is the process for creating a brokers price opinion (BPO)? A) The broker prepares a report compiled from research of comparable properties. The broker drives by the property, takes a picture, and fills out the BPO form.

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