A Broker Price Opinion (BPO) provides a professional estimate of the value of a property and is an alternative to a full appraisal. REO Next provides broker price opinions including both curbside and interior inspections through our extensive network of licensed professionals. All real estate brokers and agents in the REO Next network have been screened to ensure market knowledge, competency and professionalism.
Utilizing the most modern technology, our broker price opinions are held to the highest industry standards by having to pass hundreds of automated checks for consistency as well as a meticulous human review by a specially trained team before final delivery to our customers.
The BPO report includes extensive comments related to local market conditions, immediate neighborhood characteristics, subject property condition, as well as an analysis of three current listings and three recent sales of comparable properties (including photos, as specified by the customer).
Detailed analysis of all of the data listed above results in the broker's conclusion of a suggested list and sale price.
Broker price opinions (BPO’s) and Certified market analyses (CMA’s) are offered on all Single Family, Multi-Family and Commercial properties. ReoNext, services all of Nassau, Queens, Brooklyn, Bronx, Manhattan and Yonkers.
- Drive-By Broker Price Opinion
- Interior Broker Price Opinion
- Standard Reports
- Condition of Property at time of Analysis
- Comparable Sales and Listings Including Days On The Market and Proximity to property.
- Pictures Upon Request
- Forecast of Property Values in the Area
- Explanation of Any Environmental, Structural, Mechanical, or cosmetic
- Problems that May Affect the Value of the Property.
