A certified real estate broker or agent will assess the subject property during a BPO and contrast it with comparable homes that have recently sold or are presently for sale. The location, size, condition, and amenities are just a few of the factors that go into valuing a property. In addition, the broker may evaluate […]
Broker Price Opinion is a professional estimate of a property’s value, provided by a licensed real estate broker or agent. Unlike a formal appraisal, which typically requires an in-depth inspection and follows strict guidelines, a BPO is a more informal evaluation based on the broker’s expertise and market knowledge.