What is a BPO?
Broker Price Opinion
A Broker Price Opinion is a professional valuation of residential real estate. When a precise value is needed, but a formal appraisal is not required, a Broker Price Opinion (BPO) is ideal. As example, you may need to determine true property value before proceeding with a loan application.
The BPO of a residential property is generally conducted by a local, licensed real estate agent. The report combines information from a drive-by exterior examination, external data sources, previous sale data, property assessment data, recent comparable sales and current neighborhood listings.
The BPO includes neighborhood information and value estimate. This product is not an appraisal and does not include an inspection of the interior of the property.
What is an AVM?
AVM's (automated value matrix) such as Zillow, E-ppraisal, and Cyberhomes are computer generated reports. They are not in touch with the actual neighborhood. AVM's are sometimes accurate, but in today's market, very unreliable. AVM's can vary as much as 45% above or below actual market conditions.
Why use Metrobpo.com?
At Metrobpo.com we employ only state licensed and state certified appraisers, each having many years of experience in the Atlanta metro area. All of our appraisers are also NABPOP (National Association of Broker Price Opinion Professionals) certified. Our assessments are always checked and re-checked by our quality assurance staff. The Metrobpo.com report contains accurate, current, correct and complete neighborhood market analysis. This process assures a precise valuation of the subject property. Our results are based on independent research of actual market conditions and never influenced by outside sources.
We use the FM087 report which is a three comparable sale plus three comparable listings form showing a larger portion of the market and providing a more in depth analysis of the subject.
We offer quick turn around (24 hours) of our easy to understand report. The reports are securely delivered to your email in PDF Format.
Metrobpo.com delivers valuable market information at a fraction of the cost of a formal appraisal while staying in compliance of HVCC regulations.
* This service is provided in the Metro Atlanta area to those who need to know the approximate value of property.
** All information is gathered via FMLS, MLS, and REDLINK, and is deemed to be accurate and reliable. In some cases it may be necessary to perform a full appraisal on site to obtain more accurate findings. |
