Bpokers Price Opinion Report Form PDF Details

The Brokers Price Opinion Report form is a comprehensive tool used primarily in the assessment of repossessed properties, such as those managed by CalVet. It requires detailed input across various sections, starting with the possession confirmation items where key actions such as rekeying and security measures taken for the property are documented. Additionally, this report covers a wide range of information including, but not limited to, neighborhood data which looks into urbanity or rurality, community improvements, property types, construction quality, and even special assessments. Part of the form delves into subject property information where specifics about the property's internal and external features, utilities, and overall condition are explored. Marketability factors are also a crucial part, encompassing economic, community, and neighborhood elements that affect property sales alongside specific factors pertaining to the subject property itself. Notably, the form includes sections for listing comparable properties, both closed sales and current listings, to derive an accurate market valuation. This process involves substantial documentation and analysis, requiring input on sales data, property condition, and other amenities that could influence the property's value. Each section of the form is designed to gather essential data that contributes to formulating a thorough and informative opinion on the property's value in the current market.

QuestionAnswer
Form NameBpokers Price Opinion Report Form
Form Length10 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 30 sec
Other namesfill in the blanks pdf for bpo, BPO, bpo inspection checklist, REO

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BROKERS PRICE OPINION REPORT

CalVet Repossessed Property

(Print clearly in blue ink)

SECTION 1: Possession Confirmation Items

Address __________________________________ City _____________________ Zip __________

This property was rekeyed, secured, and posted with CalVet’s “State Property” sign on (date completed): _______________________

Agent responsibilities: A list of any personal property having value has been faxed to CalVet. If vehicles are on site, a CalVet “Report of Vehicle on Property” form has been completed and submitted for each vehicle. All utility companies have been contacted, and service has been taken out of the former occupant’s name. Utilities are turned (circle) on / off at this time. If turned on, they have been put in (circle) CalVet’s / Real Estate Company’s name for billing.

Companies: Water __________________Electric __________________ Gas _________________

Bids for the following work have been requested to date: ___________________________________

________________________________________________________________________________

________________________________________________________________________________

Section 1 comments: _______________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

SECTION 2: Neighborhood Data

Surshuw|#lv=# Urban Suburban Rural Resort

If rural, give brief description including access roads and proximity to shopping and services:_______

________________________________________________________________________________

List the predominate improvements in the neighborhood:

Property type / land use (i.e. SFR, land): _____________________________________________

Type of construction (i.e. tract, custom): ______________________________________________

Quality: ________________________________ Age:___________________________________

Neighborhood Property Value Range: _______________________to ______________________

Any special assessments such as Mello Roos? If so, provide name, amount, and description:

________________________________________________________________________________

Please provide applicable information of:

1.HOA name: __________________________________________________________________

2.Property Management Company name: ____________________________________________

3.Mobile Home Park name: _______________________________________________________

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Address (of 1, 2 or 3):_______________________________________________________________

Contact Person Name & Telephone: ___________________________________________________

Total units in development:__________________ Monthly dues / Space rent: __________________

Do HOA dues or park space rent cover utilities or common area maintenance?__________________

Provide details: ___________________________________________________________________

________________________________________________________________________________

Common area description: ___________________________________________________________

________________________________________________________________________________

Section 2 comments: _______________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

SECTION 3: Subject Property Information

#######SFR # ####Condo ## # PUD # # Land ##### Farm# ### Mobile Home on Land ### #Mobile Home in Park Was the subject property’s interior inspected? : ############ \hv# ####Qr#

Can all utilities be turned on at the property?: #############Yes ##

No

Have any public utility meters been pulled from the property?:

\hv# ####Qr#

Identify any private utilities: __________________________________________________________

Number of Stories: ______________Heating:______________ Air Conditioning:________________

Foundation Type (i.e. slab, raised concrete perimeter):_____________________________________

Exterior Siding material: ____________________ Roof Cover material: _______________________

The overall property condition is: #######Excellent # # Very Good # # #Good # # Average# # # #Fair # # Poor Complete Section 8 below for any, “Subject Property Damage and Repairs.”

Provide additional subject property information here and in Section 5 below.

Section 3 comments: _______________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

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SECTION 4: Marketability Factors

I. State and National factors

Economic/Employment conditions: __________________________________________________

Current interest rates: _________________

II.Community factors

Economic base:_________________________________________________________________

Housing supply compared to demand:

 

Over

 

Balance

Under

Current rate of new construction:

Low

Moderate

 

High

Property Values:

Appreciating

Stable

Depreciating

Current rental demand is:

Low

 

Moderate

High

III.Neighborhood factors

List any positive or negative factors affecting property sales, include any known environmental hazards: ______________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

Compared to the past two years, the current number of residential listings in the neighborhood is: (circle one): Low ### Moderate ## High

The average marketing time for neighborhood properties is_______________ days.

IV. Subject property factors

List any positive or negative factors affecting the sale of the subject property; include any functional or external obsolescence:______________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

Has the subject property been listed for sale in the past year? : ########### Yes ### No

Listing period: _____________________________________List Price:________________________

Section 4 comments: _______________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

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SECTION 5: Comparable Properties

I. Comparable Closed Sales. Use comparable sales closed within 6 months. If necessary, use sales up to 12 months old.

Item

Subject

Comp Sale #1

Comp Sale #2

Comp Sale #3

Address:

Data Source

Distance to Subject

Original List Price

Final List Price

Sale Price

COE Date

DOM

REO Y/N

Inspected Y/N

Finance Concessions

Location

Year Built (remodeled)

Construction Quality

Condition

Total / Bed / Bath

Gross Living Area

Lot Size

Garage / Carport

Fireplace

Porch/ Patio/ Deck

Other Amenity

Other Amenity

Submit listing information (MLS printouts acceptable) and photos for each comparable used.

Comment individually on any substantial value-related differences.

Comp #1:

Comp #2

Comp #3

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II.Comparable Current Listings. If necessary use Expired Listings within 6 months.

Item

Subject

Comp Sale #1

Comp Sale #2

Comp Sale #3

Address:

Data Sources

Distance to Subject

Original List Price

Current List Price

DOM

REO Y/N

Inspected Y/N

Finance Concessions

Location

Year Built (remodeled)

Construction Quality

Condition

Total / Bed / Bath

Gross Living Area

Lot Size

Garage / Carport

Fireplace

Porch / Patio / Deck

Other Amenity

Other Amenity

Other Amenity

Submit listing information (MLS printouts acceptable) and photos for each comparable used and subject

property, if short sale. Comment individually on any substantial value-related differences.

Listing #1:

Listing #2

Listing #3

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SECTION 6: Market Value Conclusions

Market Value Definition: The most probable price in cash, terms equivalent to cash, or in other precisely revealed terms, for which the appraised property will sell in a competitive market under all conditions requisite to fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress.

Market Value Range: As-Is Low ____________________ As-Is High __________________________

Suggested List Price: _______________________________________________________________

Estimated marketing time: ___________________________________________________________

Estimate of Repairs (Total from Section 8 below): _________________________________________

Comment on doing repairs, the likely dollar for dollar return on the investment, the effect on marketing time, and any known excessive vandalism risk factors: _____________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

Estimate of Market Value in “as-is” condition: ____________________________________________

Estimate of Market Value if fully repaired: _______________________________________________

Estimate of Land Value only: _________________________________________________________

Section 6 comments (Include comments about which sale comparable and which listing comparable are considered most relevant to valuing the subject.): ______________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

SECTION 7: Broker/Agent Information

Agent Name:_____________________________ Company Name: __________________________

Address __________________________________ City _____________________ Zip __________

Office Phone: ______________________________ Email: _________________________________

Cell Phone: _______________________________________________________________________

Fax and Web Site (as applicable): _____________________________________________________

Distance from your office to the subject property: _________________________________________

Refer to the CalVet “PAL agent Pre-Listing Package Checklist”, and include all required items. List any additional non-required information which you are submitting: ____________________________

________________________________________________________________________________

Signature

Date Signed

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SECTION 8: Subject Property Damage and Repairs

Instructions: The Department requires only an itemized layman’s report on damage with an estimate of repair cost from the PAL real estate agent. However, it is acceptable if this section is completed by a construction contractor or inspector. Show damage for items rated in fair or poor condition only. Items in average or better condition are not considered damaged or in need of repair. If a special inspection is needed (i.e. pest control, septic), so indicate on line and leave estimate blank.

Item / Description

1.Trash-Out Interior Dwelling and Garage

2.Trash-Out Site

3.Yard & Landscaping

4.Structural Foundation / Grading / Engineering

5.Roof

6.Exterior Siding

7.Exterior Carpentry / Ext. Doors / Garage Door

8.Full Exterior Paint

9.Exterior Trim Paint Only

10.Windows / Screens

11.Glass Sliders

12.Fence

13.Porch, Patio, Decking, Balcony

14.Outbuildings

15.Pool / Spa

16.Garage Interior

17.Driveway

18.Chimney

19.Electrical

20.Plumbing Pipes

21.Winterization

Estimated Cost

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22.Water Heater

23.Water Heater Strapping

24.Well

25.Septic

26.Pest Control (Termite)

27.Exterior - Other

28.Exterior - Other

29.Fireplace

30.Heating

31.Air Conditioning

32.Thermostat

33.Smoke Detectors

34.Ceiling Water Leak Damage

35.Plumbing Kitchen Fixtures & Hardware

36.Plumbing Bathroom Fixtures & Hardware

37.Kitchen Appliances

38.Kitchen Cabinets

39.Kitchen Countertops

40.Bathroom Cabinets

41.Mirrors

42.Other Cabinets

43.Stair Railing

44.Interior Wall

45.Interior Paint (includes ceilings: Y or N)

46.Interior Doors, Frames, Hardware

47.Interior Closet Doors

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48.Interior Light Fixtures

49.Carpet

50.Carpet Pad

51.Carpet Cleaning Only

52.Vinyl - Kitchen

53.Vinyl - Master Bathroom

54.Vinyl - Hall Bathroom

55.Other Floor Coverings

56.Interior - Other

57.Interior - Other

58.Final Clean

TOTAL LABOR AND MATERIALS COST: _____________________________________________________

Date Completed:__________________________

I. Layman’s estimate (approximations), based upon PAL agent inspection only.

By:

Print Name

Signed

OR

 

II.Contractors / Inspectors estimate by: ________________________________________________

Company Name

By:

Print NameSigned

If licensed general contractor, should this be considered a formal bid? (circle)

Yes / No

Section 8 comments: _______________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

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SECTION 9: Floor Plan Sketch

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It is an easy task to fill out the pdf using out helpful guide! This is what you have to do:

1. The bpo inspection involves particular information to be inserted. Be sure that the subsequent blank fields are finalized:

Filling out segment 1 in BPO

2. The subsequent stage is usually to fill out these blanks: SECTION Neighborhood Data, Urban Suburban Rural, Resort, List the predominate improvements, Property type land use ie SFR, Type of construction ie tract, Quality Age, Neighborhood Property Value Range, Any special assessments such as, Please provide applicable, HOA name , Property Management Company name , and Mobile Home Park name .

Neighborhood Property Value Range, Quality  Age, and Please provide applicable inside BPO

3. Completing BPO Report Page of , Address of or , Contact Person Name Telephone , Total units in development Monthly, Do HOA dues or park space rent, Provide details , Common area description , Section comments , SECTION Subject Property, SFR, Condo, Was the subject propertys, Qr No Have any public utility, hv Yes, and PUD is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Writing segment 3 in BPO

4. Now proceed to the next segment! In this case you've got all of these Was the subject propertys, Qr No Have any public utility, Can all utilities be turned on at, hv Yes, Identify any private utilities , Number of Stories Heating Air, Foundation Type ie slab raised, Exterior Siding material Roof, The overall property condition is, Excellent Very Good, Good, Average, Fair, Poor, and Complete Section below for any form blanks to do.

BPO writing process clarified (step 4)

People often get some things wrong when filling in Exterior Siding material Roof in this part. Make sure you reread whatever you enter here.

5. This pdf must be wrapped up by going through this part. Below you'll see a detailed set of blank fields that require accurate details in order for your document submission to be faultless: I State and National factors, EconomicEmployment conditions , Current interest rates , II Community factors, Economic base, Housing supply compared to demand, Current rate of new construction, Over Stable, Low , Mode, Balance Under, Depreciating, Moderate rate, High, and High.

Stage # 5 of submitting BPO

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