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Broker Price Opinion - BPO

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Broker Price Opinion - BPO
Estimated Value of a property as determined by a Real Estate Broker or other qualified individual or firm.
    
A Broker price opinion is based on the characteristics of the property being considered. Some of the factors that a Broker Will consider when pricing a property include: the value of similar surrounding properties, sales trends in the neighborhood, an estimate of any of the costs associated with getting the property ready for sale and/or the cost of any needed repairs. It is important to note that a BPO is not the same as an Appraisal.
Posted by  Terrapinn Financial Training Pte Ltd, IQPC Worldwide Pte
 
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