Our professional REALTORS® routinely prepare Comparative Market Analysis (CMA’s) to determine an estimated sales price when listing properties for Sellers…..or….for Buyers, to determine an estimate purchase price, when we have a Buyer Representation agreement in place.
We also prepare Broker Price Opinions (BPO's) for estate valuation purposes, in preparation of financial statements and 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, estates, institutional land investors, district courts, bankruptcy courts, asset management companies, school districts, economic development corporations, county and city governmental entities, relocation companies, default service companies, and property management companies.
BPO's are less expensive, but not as detailed, as Appraisals prepared by State Certified General Appraisers or State Licensed Residential Appraisers.
As required by law, the following disclosure will be included in all of our CMA's and 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.”
Please send us an email, or give us a call, to determine:
1) whether we can accept the order;
2) the Fee (not free & due upon receipt) for this service;
3) the estimated time to complete the CMA / BPO.
All information you provide is secure and will be kept strictly confidential.
If we exclusively list your property for sale within 14 days of completing the CMA / BPO, the fee will be reimbursed.
If you, as a buyer, enter into a written Buyer Representation Agreement with us, the fee will be reimbursed when the evaluated property is purchased.