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Broker Price Opinion Subject Property Address 10 Fresh Meadow Road Monroe CT 06468 Order Information BPO Type Exterior Borrower Work Order ID 3713802 Loan Number 1074470 Order Date 03/25/2015 Reference
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How to fill out broker price opinion

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How to fill out a broker price opinion:

01
Start by gathering all the necessary information about the property you are evaluating. This includes the property address, lot size, square footage, number of bedrooms and bathrooms, and any additional features or upgrades.
02
Conduct a thorough research of the local real estate market to determine the current market conditions and trends. This will help you establish a competitive market value for the property.
03
Evaluate the condition of the property by conducting a detailed inspection. Take note of any repairs or maintenance issues that may affect the value.
04
Compare the property to recent sales of similar properties in the area. Look for properties that are similar in location, size, and condition to provide accurate comparables.
05
Analyze any market factors that may impact the value of the property, such as the supply and demand in the area, upcoming developments, or economic indicators.
06
Consider any additional factors that may affect the value, such as the property's proximity to schools, amenities, transportation, or desirable features.
07
Use all the gathered information to determine a fair market value for the property. This can be done by calculating the average price per square foot, adjusting for any variations in condition or location, and applying your expertise as a real estate professional.
08
Document your findings and recommendations in the broker price opinion form provided. Be sure to include detailed explanations and supporting evidence for your conclusions.

Who needs a broker price opinion:

01
Homeowners who are considering selling their property and want to know its current market value.
02
Real estate investors who are looking to buy or sell properties and want an unbiased valuation.
03
Banks and lenders who need an estimated value for a property during the loan approval process or when considering a foreclosure.
04
Attorneys involved in divorce settlements or legal disputes where the value of a property is in question.
05
Insurance companies who need to determine the replacement value of a property for insurance purposes.
06
Government entities who require property valuations for tax assessments or eminent domain proceedings.
07
Real estate agents who need to provide accurate pricing information to potential buyers or sellers.
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A broker price opinion is an estimate of the value of a property prepared by a real estate broker or agent.
Real estate brokers or agents are typically required to file broker price opinions.
Broker price opinions are usually filled out by evaluating comparable properties, market trends, and other factors affecting property value.
The purpose of a broker price opinion is to provide an estimate of the value of a property for various purposes such as listing, buying, or financing.
A broker price opinion typically includes information about the subject property, comparable properties, market trends, and the broker's estimate of the property's value.
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Relevant keywords

2014 1956 SFR MLS ExtraFeatures WORKORDER Avg ValuationYear BPO SaleDate REO comparables JOHNSONNEILL 10FRESHMEADOWRD SaleType Sherwood S3 HOA Mgmt Patmar Newtown 3rd SalePrice 2nd 1st 10PINETREERD Meadowview BookPage L2 L3 L1 S1

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