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BROKER PRICE OPINION Stock # Parcel # 4906271230070000101 City: State: IN Zip Code: Property Address: Indianapolis 1326 W 26th St The above premises was inspected on: 05 01/15 by: Regina Nottingham
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How to fill out broker price opinion
How to fill out broker price opinion:
01
Gather all necessary property information, such as the property's address, square footage, number of bedrooms and bathrooms, and any recent upgrades or renovations.
02
Conduct thorough market research to determine the current value of similar properties in the area. This can be done by analyzing recent sales data, comparing the property to similar listings, and considering market trends.
03
Inspect the property in person to assess its condition, features, and any potential issues that may affect its value.
04
Consider any unique aspects of the property, such as a desirable location or special amenities, that may impact its value.
05
Evaluate any comparable properties that have recently sold in the area to determine how they are similar or different from the subject property.
06
Document all findings and observations in the broker price opinion form, including a detailed description of the property, its current value estimate, and any supporting data or reasoning used to arrive at that estimate.
07
Review the completed broker price opinion form for accuracy and completeness before submitting it to the requesting party.
Who needs broker price opinion:
01
Real estate agents and brokers often need broker price opinions to assist their clients in pricing a property for sale or determining its value for potential buyers.
02
Banks and financial institutions may request broker price opinions when considering whether to approve a loan or establish the value of a property for foreclosure or short sale purposes.
03
Insurance companies may require broker price opinions to determine the replacement value of a property for insurance purposes.
04
Attorneys and legal professionals may utilize broker price opinions in cases involving divorce, estate planning, or property disputes.
05
Property owners themselves may seek broker price opinions to better understand the current market value of their property for various reasons, such as refinancing or making informed decisions about potential renovations or improvements.
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What is broker price opinion?
A broker price opinion is an estimate of the value of a property provided by a real estate broker or agent.
Who is required to file broker price opinion?
Real estate brokers or agents are typically required to file broker price opinions when requested by a client or financial institution.
How to fill out broker price opinion?
To fill out a broker price opinion, the broker or agent must evaluate the property and consider factors such as market trends, comparable sales, and the condition of the property.
What is the purpose of broker price opinion?
The purpose of a broker price opinion is to provide an estimate of the value of a property for buying, selling, or refinancing purposes.
What information must be reported on broker price opinion?
A broker price opinion typically includes details about the property, comparative market analysis, and the broker's opinion of the property's value.
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