VALUE OPINIONS
Comparable Market Analysis - Broker Price Opinions
A Broker Price Opinion, also known as a "BPO," is prepared by a real estate broker to provide an estimated value of the probable selling price of a subject property where the requesting party does not want to incur the expense of an appraisal of the subject property. The real estate broker determines the probable selling price of the property by analyzing various factors including, but not limited to, comparable properties in the area. This report is typically used to strategize the public listing and sale of a home.
Takeaways of this service:
What can your property can sell for, and where neighborhood trends are leaning.
Price Per Square analysis
Market factors that may affect the timing, perception, and value of your home
Local policies, construction, or internal building issues.
Recommendations and Vendor Introductions that will add value before listing
New Development Marketing Outreach
Frequently Asked Questions When Valuing a Home
Should I wait for the market to get better?
The real estate market is not real time, there will always be a lag in data because sales get recorded and closed months before you will be listing. When working with our team, we will compile the most accurate analysis understanding properties that have gone into contract, and therefore predict where your home’s value should land. Based on your personal investment goals, liquidity needs, and household lifestyle - timing the market is a collaborative effort.
Who will be showing my property and how will I know when I’m going to receive an offer?
Teresa and/or a member of her team will be on site at all times to escort buyers to tour your property. We take in feedback, and communicate the positive attributes of your home while helping visitors experience the neighborhood, community, and amenties.
For more info
Contact me if you need help with this process and I will make it easier for you.