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  • Exterior Broker Price Opinion (bpo) # - Forms In Word

Get Exterior Broker Price Opinion (bpo) # - Forms In Word

Exterior Broker Price Opinion (BPO) # Client: Date Completed: Order #: Loan #: Exterior Inspection Type: Inspection Date: Mortgagor: Property Address: Subject Property Style Location Sq. Ft. Living.

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How to fill out the Exterior Broker Price Opinion (BPO) # - Forms In Word online

Filling out the Exterior Broker Price Opinion (BPO) # form is essential for providing a detailed assessment of a property's value. This guide will help you understand each section of the form so that you can complete it accurately and efficiently online.

Follow the steps to fill out the Exterior Broker Price Opinion (BPO) # form online.

  1. Click the ‘Get Form’ button to obtain the form and open it in the editing tool.
  2. Begin by entering the client's name and the date completed at the top of the form. Ensure these details are accurate to maintain proper documentation.
  3. Fill in the order number and loan number in the designated fields to associate the BPO with the correct transaction.
  4. For the exterior inspection type, specify the type of inspection you conducted and include the inspection date.
  5. Complete the 'Mortgagor' section by providing the relevant details about the mortgagor, including their name.
  6. In the property address section, enter the complete address of the subject property being evaluated.
  7. Fill in details about the subject property, including style, location, square footage of living space, property condition, number of rooms, and units.
  8. Input the property type, number of bedrooms, full and half baths, basement details, garages, lot size (in square feet and acres), age, and occupancy status.
  9. Document the purchase price and purchase date, ensuring to provide the correct figures.
  10. In the listing history section, include information about the agency, phone number, listing date, original list price, and current status.
  11. When entering comparable sales, fill in the property addresses, cities, zip codes, square footage, number of units, and rooms for comparison.
  12. Assign a value for marketability information and note any functional or economic obsolescence factors that may impact resale.
  13. Provide your analysis of the neighborhood trend, listing the number of listings in the area and the high and low prices.
  14. Include quality control review fields as needed, adjusting values based on your assessment.
  15. In the photo section, insert pictures of the subject property along with any additional relevant photos.
  16. Finally, review the entire form for accuracy and clarity before either saving changes, downloading, printing, or sharing the completed document.

Complete your BPO forms online now to ensure a comprehensive and accurate property assessment.

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A broker price opinion can be requested by a lender who wants an assessment of a property for such needs as the refinancing of a mortgage or a foreclosure. The owner of a property could also seek such an opinion if they are looking to make changes either through a sale or a refinancing of their mortgage.

Cons. A BPO isn't always as accurate as an appraisal. An appraisal is done by a licensed, certified appraiser rather than a real estate agent or broker. A BPO can't always be used as an alternative to an appraisal.

A broker price opinion, commonly known as a BPO, is a real estate professional's opinion of a property's value. BPOs are most often used when setting the list price of a property, similar to a comparative market analysis, and in the case of a foreclosure or short sale.

A BPO can be a substitute for an appraisal. A BPO can sometimes be used by lenders for a foreclosure or short sale, or for a borrower's request to cancel private mortgage insurance (PMI).

A broker's price opinion (BPO or sometimes referred to as a broker's opinion of value, BOV) is an analysis performed by a commercial real estate broker that provides an estimate of value or price for real estate.

Broker research is developed by sell-side firms to help investors and hedge fund managers discover market opportunities and make informed investment decisions. Increasingly, this expert analysis has also been identified by forward-looking corporations as a highly valuable tool to inform strategic decision-making.

While typically used in the listing agreement a homeseller signs with an agent, BPOs can also be employed in valuing an estate or financial assets, or by homeowners thinking of refinancing their mortgages or wanting to get their private mortgage insurance premiums lifted.

Most lenders have a procedure to dispute the appraisal or BPO.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232