Our professional REALTORS® routinely prepare Broker Price Opinions (BPO's) or a Comparative Market Analysis (CMA’s) when pricing properties for sellers…..or buyers when we have a Buyer Representation agreement in place. We also prepare BPO's for owners for their use in preparing personal financial statements and for estate valuation purposes, as well as during negotiations for right-of-way, easement, eminent domain and condemnation processes.
Our BPO clients have included attorneys, commercial banks, credit unions, real estate valuation companies, mortgage lenders, trust departments, insurance companies, individuals, companies, estates, institutional land investors, district courts, bankruptcy courts, asset management companies, school districts, county and city governmental entities, relocation companies, default service companies, and property management companies.
BPO's are far less expensive, but not as detailed, as state certified appraisals.
As required by law, the following disclosure will be included in all of our BPO's:
“This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.”
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation.
Please send us an email, or give us a call, to determine:
1) whether we can accept the order or not,
2) the fee for this BPO service, and
3) the estimated time required to complete the order.
All information you provide is secure and will be kept strictly confidential.
If we list your property for sale, the fee will be waived.