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its succinct definition of most probable sales price, a term that was used in appraisal literature addressing this topic during the 1960s and 1970s. Most probable sales price is defined as “That price at which a property would most probably sell if exposed to the market for a reasonable time, under market conditions prevailing as of the date
Dec 8, 2021 · Market Value is defined as the most probable sale price when the buyer and seller are typically motivated and reasonably well informed. Further, it is reflective of a typical marketing period and payment in terms of U.S. dollars with no influence from sales concessions or special financing.
People also ask
Is a broker price opinion the same as an appraisal?
How does a Broker Price Opinion affect a property?
What is a compulsion to sell a property?
What is the difference between a price and a sale?
Jun 16, 2018 · See these definitions below. Disposition Value: “The most probable price that a specific interest in a property should bring under the following conditions.”. Consummation of a sale within a specified period of time, which is shorter than the typical exposure time for such a property in that market.
- What Is A Broker Price opinion?
- How Long Does It Take to Complete A BPO?
- How Much Do You Get Paid For Bpos?
- How Much Can You Make Completing Broker Price Opinions?
- How Can Completing Bpos Lead to REO Listings?
- How to Find REO and Bpo Companies
A BPO is a report compiled by a licensed real estate agent that is similar to an appraisal. A BPO is not an appraisal and appraisals can only be completed by licensed appraisers. In fact some states have made it illegal for real estate agents to complete BPOs, so always check with your state laws before completing BPOs. Here is what will be needed ...
When I complete BPOs I can finish the report in about 20 to 30 minutes and that includes pulling comps and entering data. I have done thousands of BPOs and I am much faster than most people who are just starting out. At this point in my real estate career I have my assistants complete the BPOs and they have gotten as fast as me. When they first sta...
Most clients will pay about $50 for an exterior BPO and about $75 for an interior BPO. Some companies pay less and some pay more. The prices for BPOs has gone down over the last few years as BPO companies try to save time and money. Some companies pay as little as $30 for an exterior order. I will not accept any orders that are less than $40 and th...
Making $50 a couple of times a week does not add up very fast, but you can complete a lot of orders when you get used to the work. One year I completed over 1,000 BPO orders and grossed close to $50,000 just from BPOs alone. I was not doing BPOs full-time, I also was listing and selling REOs. The BPO income was a bonus on top of the income I was ma...
On every REO listing an agent receives they must complete a BPO. They do not get paid for doing the BPO, because it is considered part of the job of listing the property. Many companies and banks that have REO listings, also use agents to complete BPOs not associated with REO listings. If you do an awesome job completing BPOs for a company, you wil...
If you are looking to get into the REO or BPO business, I created a kit to help you get more business. The REO and BPO Starter Kitis for agents who are looking to start doing REOs or BPOs or agents looking to increase business. The kit comes with video training, a detailed guide on how to get REOs and a list of companies to sign up with. I just add...
Market Value: a type of value . . that presumes the transfer of a property . . as of a certain date, under specific conditions set forth in the definition of the term The conditions included in market value definitions establish market perspectives for development of the opinion: relationship, knowledge and motivation of parties.
February 24, 2021. 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. A BPO is the commercial version of a competitive market analysis (CMA), which is used in residential real estate ...
Jan 12, 2024 · A broker price opinion (BPO) is an unofficial assessment of a property's potential market value based on expert judgment. A BPO is often based off of qualitative and...
