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Broker Price Opinion (BPO) & CMA

Home ┬╗ Broker Price Opinion (BPO) & CMA

NEED AN ESTIMATED SALE PRICE, OR PURCHASE PRICE, OF A PROPERTY?

Our Professional REALTORS® routinely prepare a Comparative Market Analysis (CMA) to determine an estimated sales price when listing commercial, farm & ranch and residential properties for Sellers. We also do this for Buyers to determine an estimated purchase price when we have a fully executed Buyer Representation Agreement in place.

We can also prepare a Broker Price Opinion (BPO) to determine an estimated sales price of homes, farms, ranches and commercial property for estate valuation purposes, preparation of Financial Statements or for negotiations of 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, county courts, bankruptcy courts, asset management companies, school districts, economic development corporations, municipal development districts, cities, relocation companies, default service companies, and property management companies.

BPO’s are less expensive, but not as detailed, as Appraisals that are prepared by State Certified General Appraisers or State Licensed Residential Appraisers.

As required by law, we will include the following disclosure 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 contact us via email or phone to determine:

1) whether we can accept the order, or not;

2) the Fee for this service (not free and due upon receipt);

3) the estimated timeframe to complete the CMA / BPO.

All information that you provide to us will be secured and kept strictly confidential.

Please note; if we exclusively list your property for sale (with no named buyer exclusions) within 14 days of completing the CMA / BPO, we will reimburse the Fee.

Also please note; if you, as a buyer, enter into a written Buyer Representation Agreement with us, we will reimburse the Fee when the evaluated property is actually purchased by you. (At the Closing).

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