NEED AN ESTIMATED SALE PRICE, OR AN ESTIMATED PURCHASE PRICE, OF A PROPERTY?
At Chad Holland Real Estate, our Professional REALTORS® routinely prepare a Comparative Market Analysis (CMA) for our clients in the following circumstances:
1) when we are hired, by Sellers, by means of a fully executed Listing Agreement-Exclusive Right to Sell commercial, farm, ranch, or residential properties to determine an estimated sales price.
2) when we are hired, by potential Buyers, by means of a fully executed Buyer Representation Agreement, to determine an estimated purchase price for commercial, farm, ranch, or residential properties.
We can also prepare a Broker Price Opinion (BPO) to determine an estimated sales price of commercial, farm, ranch, or residential properties for estate valuation purposes, preparation of financial statements, court ordered sales, buyouts, or for right-of-way negotiations, 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. (Please note, we prioritize selling our listed properties for our selling clients and finding properties for our buying clients. If you have not signed either a Listing Agreement-Exclusive Right to Sell, or a Buyer Representation Agreement, with Chad Holland Real Estate (CHRE), then you are not yet a client of CHRE).
2) the Fee (not free) for this CMA / BPO service. (Please note that $575.00 is our minimum Fee for this service, and this Fee is required to be paid up front)
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 you as a Seller, enter into a Listing Agreement-Exclusive Right to Sell with CHRE, (with no named buyer exclusions) within 7 days of completing the CMA / BPO, we will waive or reimburse the Fee.
Also please note; if you, as a potential Buyer, enter into a written Buyer Representation Agreement with CHRE, we will waive or reimburse the Fee, at Closing, when the evaluated property is actually purchased by you.