WHAT WE DO

We provide professional Broker Price Opinion (BPO) evaluations to support the real estate industry with accurate, market-based property valuations. Our team of experienced real estate professionals conducts detailed property assessments using current market data, neighborhood analysis, and comparable sales to generate reliable BPO reports. These evaluations help realtors, lenders, and asset managers make informed decisions regarding property listings, short sales, foreclosures, and investment opportunities. We are committed to delivering quality reports on time, every time, to support your success in a fast-moving market.

In today’s ever-shifting real estate market, accurate property valuation isn’t just a service—it’s a strategic advantage. A well-executed Broker Price Opinion (BPO) goes beyond numbers; it reflects deep market insight, local expertise, and professional judgment. Whether you're helping a client buy, sell, or invest, the right BPO gives you the clarity to make confident, informed decisions. It’s not just about knowing what a property is worth—it’s about understanding why.

what is the purpose of a bpo in real estate

A Broker Price Opinion (BPO) is an estimate of a property’s value conducted by a licensed real estate broker or agent. It’s a cost-effective and often faster alternative to a formal appraisal, which involves a more detailed analysis by a certified appraiser. BPOs are commonly used by:

• Lenders: To determine a property’s value in situations like foreclosures or short sales.
• Investors: To get a quick valuation of potential investment properties.
• Homeowners: To gain a rough estimate before listing their property for sale.

Essentially, a BPO gives an educated opinion on the property’s market value based on local trends, comparable property sales, and the broker’s expertise, helping in financial and real estate decisions.

The Process

BPO Request Received

• A bank, lender, or asset management company assigns a BPO to a licensed real estate agent or broker.
• The request may be for:
• Exterior BPO (Drive-by)
• Interior BPO (Full access)
• Details provided usually include the property address, deadline, and instructions.

Accepting the Assignment

• The realtor logs into a BPO platform (e.g., REO Network, Equator, ClearCapital, BPO Fulfillment) to accept the order.
• Must confirm availability and ability to complete within the deadline (typically 24–72 hours).

Property Research

• Agent gathers key data:
• County records and MLS history
• Property size, year built, lot size, zoning
• Tax records, prior sale history
• Neighborhood and market trends

Property Inspection

• Exterior BPO: Agent visits the property, takes front and side photos, notes condition, neighborhood characteristics.
• Interior BPO: Agent schedules a walkthrough, takes detailed interior and exterior photos, notes upgrades, damages, layout, and condition.

Comparable Market Analysis (CMA)

• Agent selects 3 active, 3 sold, and sometimes 3 pending comparable properties.
• Comps should be similar in size, age, condition, and location (ideally within 1 mile and sold within 90 days).
• Adjustments are made for:
• Square footage differences
• Upgrades/condition
• Garage/pool/lot size
• Location variances

Valuation and Commentary

• Based on comps and market trends, the agent provides:
• Suggested List Price
• As-Is Value
• Repaired Value (if applicable)
• Commentary must support valuation, referencing condition, market activity, and location.

Report Submission

• The BPO is submitted via an online platform or email.
• Includes:
• Completed form (with property and comp data)
• Photos
• Maps
• Notes/justifications for value

Quality Control

• BPO may be reviewed by a QC team at the bank or asset management company.
• Agent may be asked to revise or clarify data.

Payment

• Once approved, payment is processed. Fees range from $40–$150 depending on the type and complexity.
• Payment timelines vary (some within 30 days, others up to 60).