Broker Price Opinion Form PDF Details

A broker price opinion form, or BPO for short, is a document that estimates the market value of a property. The form is used by banks and other lending institutions to assess the worth of a property before issuing a loan. The document is also used by real estate agents to get an idea of what a property may be worth on the open market. The BPO form is typically filled out by a real estate agent or appraiser who has knowledge of recent sales in the area. The information included in the form can help buyers and sellers negotiate a fair price for a property.

If you'd like to first determine how much time you need to complete the broker price opinion form and what number of pages it has, here's some basic information that could be of use.

QuestionAnswer
Form NameBroker Price Opinion Form
Form Length2 pages
Fillable?Yes
Fillable fields481
Avg. time to fill out32 min 15 sec
Other namesbroker price opinion form, commercial bpo form, broker price opinion, broker price opinion template

Form Preview Example

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

No

If no, explain

 

 

 

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

Yes

No

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

 

 

 

 

 

 

REO/Corp

 

 

 

 

 

REO/Corp

Sale Price

$

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

$

 

 

 

Price/Gross Living Area

$

 

Sq. Ft.

$

 

Sq. Ft..

 

 

$

 

 

Sq. Ft.

 

 

$

 

 

 

Sq.

 

 

 

 

 

 

 

 

 

 

 

 

Ft.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sale Date &

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Days on Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VALUE ADJUSTMENTS

 

DESCRIPTION

 

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.

 

 

Sq. Ft.

 

 

 

 

 

 

Sq. Ft.

 

 

 

 

 

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

 

 

 

 

 

REO/Corp

 

 

REO/Corp

List Price

$

 

 

 

 

 

 

$

 

 

 

 

 

 

 

$

 

 

 

 

 

 

$

 

 

Price/Gross Living Area

$

 

Sq.Ft.

$

Sq.Ft.

 

 

 

$

Sq.Ft.

 

 

 

$

Sq.Ft.

 

 

Data and/or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Verification Sources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VALUE ADJUSTMENTS

 

DESCRIPTION

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.

 

Sq. Ft.

 

 

 

Sq. Ft.

 

 

 

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]

How to Edit Broker Price Opinion Form Online for Free

We used the most efficient software engineers to create our PDF editor. This application will help you create the broker price opinion form with no trouble and won't consume too much of your time. This simple instruction will assist you to learn how to start.

Step 1: Search for the button "Get Form Here" and hit it.

Step 2: The moment you enter the broker price opinion editing page, there'll be all of the functions you can take regarding your document within the upper menu.

If you want to prepare the form, provide the data the platform will ask you to for each of the appropriate parts:

portion of blanks in bpo template

Fill out the Normal marketing time in the area, days, Are all types of financing, Has the property been on the, To the best of your knowledge, Yes, Yes, If no, If yes, list price (include MLS printout), Unit Type:, single family detached, condo, co-op, and mobile home area using the details requested by the program.

Completing bpo template stage 2

The software will ask you for data to effortlessly prepare the section DESCRIPTION, Total Bdms Sq, Baths, Sale Date & Days on Market VALUE, DESCRIPTION, Total Bdms Baths, Baths, DESCRIPTION, Total Bdms Sq, Baths, Total Bdms, Location (City/Rural), Leasehold/Fee Simple, Lot Size, and View.

stage 3 to filling out bpo template

The field Page 1 of 2, Porches, Fence, Other, Net Adj, and Adjusted Sales Price of Comparable should be where one can include all sides' rights and responsibilities.

Entering details in bpo template part 4

Finish by reviewing the next sections and filling them out as needed: REO# IV, Minimal Lender Required Repairs, Occupancy Status: Occupied, Repaired Most Likely Buyer:, Owner occupant, Unknown, Loan #, Vacant, Investor, As-is, GRAND TOTAL FOR ALL REPAIRS $, ITEM, Address, Proximity to Subject, and List Price.

Finishing bpo template part 5

Step 3: As soon as you choose the Done button, your ready form can be transferred to all of your gadgets or to email given by you.

Step 4: Create at least several copies of the document to keep away from any sort of potential complications.

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