Get Fannie Mae Residential Broker Price Opinion 2009-2025

This guide provides comprehensive instructions for filling out the Fannie Mae Residential Broker Price Opinion form online. By following these clear steps, users will gain a better understanding of how to accurately complete each section of the form.

Follow the steps to complete your Broker Price Opinion form.

1. Click ‘Get Form’ button to access the Fannie Mae Residential Broker Price Opinion form and open it in your preferred editor.
2. Begin by entering the REO number and loan number at the top of the form. These details are essential for identifying the property and tracking the opinion being provided.
3. Specify whether this is an initial opinion or a second opinion by checking the appropriate box. Additional notes should be entered in the special order section if necessary.
4. Fill in the property address, including unit number, city, state, and ZIP code in the designated fields to clearly identify the subject property.
5. Input the date of completion and the sales representative’s details, including their name, firm name, contact information, and email address.
6. In the 'General Market Conditions' section, provide insights on employment conditions and current market prices by selecting from the provided options.
7. Define the neighborhood boundaries and describe the area. Include information about the type of usage and notable features that could affect property values.
8. Estimate occupancy in the neighborhood. Indicate whether there is a normal supply, oversupply, or shortage of comparable listings in the area.
9. In the 'Subject Marketability' section, provide a range of values for the property and indicate the normal marketing time. Answer the questions regarding financing availability and the property's market history.
10. List the comparable properties in the specified section, including relevant details such as sales price, days on the market, and any adjustments that need to be made.
11. Select a marketing strategy and provide details about any repairs needed. Ensure to estimate costs for each repair item listed.
12. Enter competitive listings and provide their respective details, including pricing and descriptions.
13. Finalize your submission by reviewing all entries for accuracy. Once completed, you can save changes, download the document, print it, or share it as necessary.

Get started on your Fannie Mae Residential Broker Price Opinion form online today!