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Get Exterior Broker Price Opinion (bpo) # - Forms In Word
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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.
- Click the ‘Get Form’ button to obtain the form and open it in the editing tool.
- 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.
- Fill in the order number and loan number in the designated fields to associate the BPO with the correct transaction.
- For the exterior inspection type, specify the type of inspection you conducted and include the inspection date.
- Complete the 'Mortgagor' section by providing the relevant details about the mortgagor, including their name.
- In the property address section, enter the complete address of the subject property being evaluated.
- Fill in details about the subject property, including style, location, square footage of living space, property condition, number of rooms, and units.
- 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.
- Document the purchase price and purchase date, ensuring to provide the correct figures.
- In the listing history section, include information about the agency, phone number, listing date, original list price, and current status.
- When entering comparable sales, fill in the property addresses, cities, zip codes, square footage, number of units, and rooms for comparison.
- Assign a value for marketability information and note any functional or economic obsolescence factors that may impact resale.
- Provide your analysis of the neighborhood trend, listing the number of listings in the area and the high and low prices.
- Include quality control review fields as needed, adjusting values based on your assessment.
- In the photo section, insert pictures of the subject property along with any additional relevant photos.
- 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.
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.
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