I need good details. Thanx
2007-07-16 07:17:20 · 3 answers · asked by b-jump 2 in Business & Finance ➔ Renting & Real Estate
a bpo is a brokers price opinion some are just drive by without going in the house.they are usually used for refinance or 2nd loans.an appraisal is from a appraiser who measures and pulls comps of other like homes that sold in the area. that is as close as i can get it. email me if you need more.
2007-07-16 07:34:41 · answer #1 · answered by k man 3 · 1⤊ 0⤋
A BPO is a broker's price opinion. The broker drives by the home, takes photos, checks some information about the home, and gives an idea of the value. In my area, the broker is paid about $75.
An appraisal is much more extensive. The appraiser assesses the home to determine value. It is a visual inspection of the property, and this property is compared to similar properties in the area. This is about $400.
2007-07-16 08:13:16 · answer #2 · answered by godged 7 · 1⤊ 0⤋
An appraisal is a certified estimate of property value performed by a licensed appraiser. A BPO (Broker Price Opinion) is a less detailed estimate of property value performed by a licensed real estate agent.
2007-07-16 08:11:44 · answer #3 · answered by acermill 7 · 0⤊ 0⤋