what is bpo in real estate

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Broker price opinion

People also ask


  • What is a BPO when buying a property?

  • Since a BPO is the opinion of a real estate broker agent, a comparison between the property in question and those which are similar is required. Review the current market for at least 3 properties that are of the same size, age and style.

  • What is a Broker Price Opinion (BPO)?

  • What Is a BPO? A broker price opinion is an estimated property value that is often determined by a real estate broker or qualified agent. It serves as an alternative to a complete property appraisal and is often ordered by financial institutions, like the lender that holds the mortgage on the property.

  • Can a broker or agent conduct a BPO?

  • Depending on the request, a broker or agent can conduct an interior or exterior BPO, sometimes called a drive-by BPO.

  • What is a BPO appraisal and how does it work?

  • It serves as an alternative to a complete property appraisal and is often ordered by financial institutions, like the lender that holds the mortgage on the property. When a BPO is ordered by a financial institution, it’s possible for the homeowner to be unaware of the valuation.

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