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BROKER PRICE OPINION BORROWER: LOAN #: Property Address: City: 4224 Williamsburg Drive The above premises was inspected on: 7/14/2014 The property was: Vacant Occupied Is the exterior in good repair?

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How to fill out broker price opinion and

01

Gather all the necessary property information such as address, square footage, amenities, and recent upgrades.

02

Conduct a comparative market analysis to determine the property's value based on recent sales of similar properties in the area.

03

Complete the broker price opinion form provided by your brokerage or client with all the collected information.

04

Include any additional comments or insights that may impact the property's value, such as market trends or condition of the property.

05

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

Who needs broker price opinion and?

01

Real estate agents who are looking to determine the value of a property before listing it on the market.

02

Banks and lenders who are considering a property for a loan or foreclosure proceedings.

03

Homeowners who are interested in refinancing their mortgage or appealing their property taxes.

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What is broker price opinion?

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 required to file broker price opinion.

How to fill out broker price opinion?

To fill out a broker price opinion, a broker or agent must evaluate the property, consider market conditions, and provide a written report of their estimate of the property's value.

What is the purpose of broker price opinion?

The purpose of broker price opinion is to provide an estimate of a property's value for various purposes such as sales, refinancing, or property evaluation.

What information must be reported on broker price opinion?

A broker price opinion must include details about the property, comparable sales in the area, market conditions, and the broker's estimate of the property's value.

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