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Free Broker Price Opinion PDF Form

A Broker Price Opinion (BPO) is a professional assessment used to estimate the value of a property, typically conducted by a licensed real estate broker. This form provides crucial insights into market conditions, property characteristics, and comparable sales, helping lenders and investors make informed decisions. For those needing to fill out the BPO form, please click the button below.

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Preview - Broker Price Opinion Form

RESIDENTIAL BROKER PRICE OPINION

Loan #

REO #:This BPO is the

PROPERTY ADDRESS:

FIRM NAME:

PHONE NO.

Initial

2nd Opinion

Updated Exterior Only		DATE
SALES REPRESENTATIVE:
BORROWER’S NAME:
COMPLETED BY:
FAX NO.

I.GENERAL MARKET CONDITIONS

Current market condition:	Depressed	Slow			Stable	Improving
Employment conditions:	Declining	Stable			Increasing
Market price of this type property has:	Decreased		%	in past		months
	Increased		%	in past		months
	Remained stable

Estimated percentages of owner vs. tenants in neighborhood:				% owner occupant
There is a	Normal supply	oversupply	shortage of comparable listings in the neighborhood
Approximate number of comparable units for sale in neighborhood:

No. of competing listings in neighborhood that are REO or Corporate owned:

No. of boarded or blocked-up homes:

Excellent

% tenant

II.SUBJECT MARKETABILITY

Range of values in the neighborhood is $

to $

The subject is an

over improvement

under improvement

Appropriate improvement for the neighborhood.

Normal marketing time in the area is:

days.

Are all types of financing available for the property?

Yes

If no, explain

Has the property been on the market in the last 12 months?

Yes

If yes, $

list price (include MLS printout)

To the best of your knowledge, why did it not sell?

Unit Type:

single family detached

condo

co-op

mobile home

single family attached

townhouse

modular

If condo or other association exists: Fee $

monthly

annually Current?

Yes

No	Fee delinquent? $

The fee includes:

Association Contact:

Insurance

Name:

Landscape

Pool

Tennis	Other
	Phone No.:

III. COMPETITIVE CLOSED SALES

ITEM

SUBJECT

COMPARABLE NUMBER 1

COMPARABLE NUMBER 2

COMPARABLE NUMBER 3

Address

Proximity to Subject

REO/Corp

Sale Price

Price/Gross Living Area

Sq. Ft.

Sq. Ft..

Sq. Ft.

Sq.

Ft.

Sale Date &

Days on Market

VALUE ADJUSTMENTS

DESCRIPTION

+(-) Adjustment

DESCRIPTION

+(-) Adjustment

DESCRIPTION

+(-) Adjustment

Sales or Financing

Concessions

Location (City/Rural)

Leasehold/Fee Simple

Lot Size

View

Design and Appeal

Quality of Construction

Year Built

Condition

Total

Bdms

Baths

Total

Bdms

Baths

Total

Bdms

Baths

Total

Bdms

Baths

Above Grade

Room Count

Gross Living Area

Sq. Ft.

Basement & Finished

Rooms Below Grade

Functional Utility

Heating/Cooling

Energy Efficient Items

Garage/Carport

Porches, Patio, Deck

Fireplace(s), etc.

Fence, Pool, etc.

Other

Net Adj. (total)

Adjusted Sales Price of

Comparable

Fannie Mae Revised 03/99

Page 1 of 2

REO#

Loan #

IV. MARKETING STRATEGY

As-is

Minimal Lender Required Repairs

V. REPAIRS

Occupancy Status: Occupied

Repaired Most Likely Buyer:

Vacant Unknown

Owner occupant Investor

Itemize ALL repairs needed to bring property from its present “as is” condition to average marketable condition for the neighborhood. Check those repairs you recommend that we perform for most successful marketing of the property.

GRAND TOTAL FOR ALL REPAIRS $

VI. COMPETITIVE LISTINGS

ITEM

SUBJECT

COMPARABLE NUMBER 1

COMPARABLE NUMBER. 2

COMPARABLE NUMBER. 3

Address

Proximity to Subject

REO/Corp

List Price

Price/Gross Living Area

Sq.Ft.

Data and/or

Verification Sources

VALUE ADJUSTMENTS

DESCRIPTION

+ (-)Adjustment

DESCRIPTION

+(-)Adjustment

DESCRIPTION

+(-)Adjustment

Sales or Financing

Concessions

Days on Market and

Date on Market

Location (City/Rural)

Leasehold/Fee

Simple

Lot Size

View

Design and Appeal

Quality of Construction

Year Built

Condition

Above Grade

Total

Bdms

Baths

Total

Bdms

Baths

Total

Bdms

Baths

Total

Bdms

Baths

Room Count

Gross Living Area

Sq. Ft.

Basement & Finished

Rooms Below Grade

Functional Utility

Heating/Cooling

Energy Efficient Items

Garage/Carport

Porches, Patio, Deck

Fireplace(s), etc.

Fence, Pool, etc.

Other

Net Adj. (total)

Adjusted Sales Price

of Comparable

VI. THE MARKET VALUE (The value must fall within the indicated value of the Competitive Closed Sales).

Market Value

Suggested List Price

AS IS REPAIRED

30 Quick Sale Value

Last Sale of Subject, Price

Date

COMMENTS (Include specific positives/negatives, special concerns, encroachments, easements, water rights, environmental concerns, flood zones, etc. Attach addendum if additional space is needed.)

Signature:

Date:

Fannie Mae Revised 03/99

Page 2 of 2

CMS Publishing Company 1 800 235-1600 [0399]

⇓ Broker Price Opinion PDF

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Similar forms

Comparative Market Analysis (CMA): Similar to a Broker Price Opinion, a CMA assesses the value of a property based on recent sales of comparable homes in the area. It provides a detailed analysis of local market conditions and helps sellers and buyers understand the fair market value of a property.
Appraisal Report: An appraisal report is conducted by a licensed appraiser and provides an unbiased estimate of a property's value. Like a BPO, it considers comparable sales, but it often includes a more comprehensive analysis of the property’s condition and unique characteristics.
Real Estate Listing Agreement: This document outlines the terms between a seller and a real estate agent. While it does not assess value directly, it often references a BPO or CMA to establish a listing price, making it essential for setting expectations in the sales process.
Property Condition Report: This report details the physical condition of a property, including necessary repairs. While a BPO focuses on market value, the property condition report provides insight into how the state of the property may affect its value.
Market Analysis Report: This document provides an overview of the real estate market trends in a specific area. It shares similarities with a BPO by analyzing market conditions and trends but does not focus on a specific property’s value.
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Investment Property Analysis: This analysis evaluates the potential return on investment for rental properties. It parallels a BPO in that it assesses property value but focuses more on cash flow and investment metrics than on market comparables.
Foreclosure Valuation Report: Often used by lenders, this report assesses the value of properties in foreclosure. It is similar to a BPO in that it aims to determine a quick sale price, often under distressed conditions.