Broker Price Opinion (BPO)

Broker Price Opinion is the process a hired sales agent utilizes to determine the selling price of a real estate property. BPOs are popularly used in situations where lenders and mortgage companies believe the expense and delay of an appraisal to determine the value of properties is unnecessary. A financial institution will order a BPO from a Real Estate Broker in which the broker will do a drive by BPO or an Interior BPO, which is more common.

A Financial institution may order a BPO for:
  • REO property (Real Estate Owned property)
  • Foreclosures
  • Short sale
  • An addition or a cross check to an appraisal
  • Home Equity Loans and Home equity lines of credit
  • Appeals to get rid of PMI (Private Mortgage Insurance)
  • Diligence for Financial Institutions
  • A selling/purchase price for a portfolio of home loans (usually for thousands of loans)
Pulse Realty & Investments -  Internal BPO Process:


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