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Exterior Inspection Interior Inspection Property Address: 124 W. 79th Street + Broker Price Opinion Vendor ID: 4031378 City, State, Zip: Burr Ridge, IL 60527 Deal Name: 2SHAP Loan Number: 210010009

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How to fill out broker price opinion

01

Start by collecting all relevant information about the property, including its address, size, and any existing liens or mortgages.

02

Research recent sales of similar properties in the area to gather a comparative market analysis.

03

Inspect the property thoroughly, documenting its condition and any repairs or improvements needed.

04

Analyze market trends and economic factors that can influence the property's value.

05

Prepare a comprehensive report that includes a description of the property, valuation methods used, and supporting data.

06

Include your professional opinion on the property's market value and any recommendations for improvements or repairs.

07

Submit the completed broker price opinion to the requesting party within the specified timeframe.

Who needs broker price opinion?

01

Real estate agents and brokers who require an estimated value of a property for listing purposes.

02

Mortgage lenders who need to assess the collateral value of a property for loan approvals.

03

Homeowners and investors who are considering buying or selling a property.

04

Insurance companies who require property valuations for insurance coverage purposes.

05

Government agencies involved in property tax assessments and eminent domain cases.

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What is broker price opinion?

Broker price opinion is an estimate of the potential selling price of a property, provided by a real estate broker.

Who is required to file broker price opinion?

Real estate brokers are typically required to file broker price opinions.

How to fill out broker price opinion?

Broker price opinions are typically filled out by assessing the property and considering market trends.

What is the purpose of broker price opinion?

The purpose of broker price opinion is to provide an estimate of the property's value for potential sellers, buyers, or lenders.

What information must be reported on broker price opinion?

Broker price opinions typically include property details, market analysis, and the broker's estimate of the property's value.

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