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Broker Price
Opinion

Finance - Investments - Real Estate

Tell Us About the Property
Property ConditionProperty Condition
Neighborhood ConditionNeighborhood Condition
Finishes & UpdatesFinishes & Updates
How Many Bedrooms
Style
Basement
Exterior

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What is a broker price opinion?

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Broker price opinion definition

A broker price opinion, commonly known as a BPO, is a real estate broker's opinion of a property’s value based on the following general criteria:

  • Proximity

    • Radius > .5 mile​

    • Does Not Cross Major Streets

    • Considers Location Dynamics

  • Similar Characteristics​

    • Square Footage​

    • Bedroom Count

    • Bathroom Count

    • Style & Exterior

  • Improvements & Amenities​

    • Finished Basement​

    • Deck/Paver Patio

    • Garage

  • Finishes

    • Tier 1​

    • Tier 2

    • Tier 3

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 BPOs are most often used when setting the list price of a property, similar to a comparative market analysis; however, many investor lenders utilize desktop BPO's to qualify deals based on valuation.

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Our valuation Workbooks will provide a wealth of information, and allow you to note only have an advised valuation (based on sales comparison approach), but also a detailed explanation of the subject property's market conditions - creating tactical advantages for saavy investors.

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