MEDICAL RELOCATION
What is a BPO?
You’ve probably heard of a real estate appraisal, but many have never heard of a broker’s price opinion (“BPO”). It’s not an appraisal. It’s a professional opinion of value from a real estate licensee (in this case, an actual broker) who uses the sales comparison approach to assign an opinion of value.
The report is usually 15 to 40 pages long and includes comparable properties and information on local market conditions. MLS sheets and public data is included for properties where available.
How do I get a BPO for my client?
Please complete this form.
What do we need to do?
A broker price opinion is developed by gaining authorized access to the home and reviewing its condition and amenities. This can include taking photos of the property. We’ll need to coordinate a time to meet at the property. Plan on completing seller disclosure forms prior to the meeting. This does not obligate you to sell, it gives the broker a more complete history of the property.
You’ve probably heard of a real estate appraisal, but many have never heard of a broker’s price opinion (“BPO”). It’s not an appraisal. It’s a professional opinion of value from a real estate licensee (in this case, an actual broker) who uses the sales comparison approach to assign an opinion of value.
The report is usually 15 to 40 pages long and includes comparable properties and information on local market conditions. MLS sheets and public data is included for properties where available.
How do I get a BPO for my client?
Please complete this form.
What do we need to do?
- Request an appointment
- Provide access to the property
- Complete Seller Disclosure forms prior to the appointment
A broker price opinion is developed by gaining authorized access to the home and reviewing its condition and amenities. This can include taking photos of the property. We’ll need to coordinate a time to meet at the property. Plan on completing seller disclosure forms prior to the meeting. This does not obligate you to sell, it gives the broker a more complete history of the property.