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Are you
in need of a quality Broker Price Opinion (BPO)? |
Let us help you! We have many
years of experience performing BPOs.
What is a BPO? It is an analysis of recent sales of similar properties
(comparables) by a real estate professional to derive an indication of the
probable value of a specific property (subject property). A BPO is not an
appraisal.
When do you order a BPO? When you want to find out the value of a property
or want to cross-verify the value of a property.
Who uses BPOs? Banks and lending institutions for Short Sales or properties
in distress. Also, home-owners and buyers who want to find you a fair market
value of a property they are planning to sale or buy. Others may use a BPO
to show the tax-assessor office the current value of a property.
What includes our BPOs? A narrative on local market conditions, neighborhood
characteristics, subject property condition, analysis and photos of three
current listings and three recent sales of comparable properties, and
suggested list and sales price.
What types of BPOs do we perform? We perform BPOs according to client's
instructions. Other than that, we perform exterior and interior BPOs as
follow:
Exterior BPO: Our BPO-professional drive by subject property and
comparables, taking the minimum of 11-pictures and then performs the
analysis. Pictures includes: Subject (front, front right-side, front
left-side), address verification, street-scene and one picture of each
comparable (3-sales and 3-listing).
Interior BPO: Our BPO-professional goes inside subject property and drive by
comparables, taking the minimum of 25-pictures and then performs the
analysis. Pictures includes: Subject (front, front right-side, front
left-side), address verification, street-scene, interior of subject (all
bedrooms/rooms/bathrooms, major appliances/equipments, garages and backyard)
and one picture of each comparable (3-sales and 3-listing).
How much do we charge for a BPO? For single family residence and condos:
Exterior BPO $70 dollars (turn around time 3-days). For interior BPO $100
dollars (turn around time 5-days).
We also provide 24-hours BPO turnaround time or BPO for duplex, triplex, up
to 4-units (residential).
For BPO assistance, you may simply fill out form below or contact us at
626-688-0114.
Once BPO request is
received, we will contact you for further instructions about your request.
If you do not provide BPO forms, we will use our BPO forms and perform BPO
according to our platform. Unles otherwise instructed, we will email BPO
with pictures (PDF format) to the email provide in form below. |
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