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Broker Price Opinion

A broker price opinion is usually constructed by looking into the properties that are similar to that of the one in consideration. Market conditions play vital roles in deciding the value of the asset. The following details make it to every broker price opinion.

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Broker Price Opinion

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  1. Broker Price Opinion

  2. A real estate agent offers a broker price opinion. This opinion elaborates on the market value of an asset. This broker price opinion is usually included in the listing agreement while selling a property. Real estate agents usually grab BPO orders from loss mitigation firms, mortgage companies, and lenders. These agents also grab BPO orders from homeowners, who desire to sell or refinance their homes. A broker price opinion is time-saving and less expensive than an appraisal.

  3. Real estate agents from Offshore-BPO would grab BPO orders during the following circumstances.• When clients require foreclosure.• When clients are in serious financial trouble and are open to selling their assets at prices that are lesser than what they owe on mortgages.• When clients require portfolios or evaluations for their properties.• When clients are assigned to handle whole loan sales and performing/non-performing loan sales.

  4. A broker price opinion is usually constructed by looking into the properties that are similar to that of the one in consideration. Market conditions play vital roles in deciding the value of the asset. The following details make it to every broker price opinion.• Age of the building• Size and the built-up area of the property• The amenities and the neighborhood surrounding the asset in consideration• Zoning necessities• The present condition of the asset

  5. There are two types of broker price opinions. The first BPO is called internal BPO. For an internal broker price opinion, the real estate agent enters the building that is to be sold and spends an ample amount of time inspecting and measuring the insides of the building. The size and area of each room are noted and the collected details go into the broker price opinion. The agent also takes pictures of the insides of the home.

  6. The second type of broker price opinion is external BPO. This kind of BPO is also called drive-by BPO. In this case, the real estate agent drives around the building that is put up for sale and inspects just the exterior of it. An external broker price opinion is desirable when clients require the estimation of a building that is presently occupied. This BPO is usually common. But the accuracy of an external BPO is less when compared to an internal BPO.

  7. CONTACT US • Orlando, FL • Cell No: 2818990730 • Visit us : https://www.offshore-bpo.com/

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