There are many instances when a professional valuation of property is desired which do not require the utilization of a formal appraisal. In these instances, our Broker Price Opinion service is ideal.
Secure Collateral offers Broker Price Opinions to real estate lenders, financial institutions, investment firms and individual investors nationwide. With a variety of BPO and Automated Valuation Model (AVM) products, exceptional service satisfies our Client’s specific valuation needs with accuracy and rapid response. Our extensive database of locally licensed real estate professionals familiar with local market conditions and trends produce detailed and well supported opinions of value and marketability. Integration of state-of-the-art automated quality control measures and final review by our professional associates ensures the highest degree of quality.
Broker Price Opinion (BPO) is an effective alternative valuation toll for loss mitigation, collection, foreclosure, and REO liquidation efforts. This product provides valuable information on market trends, marketability, and first-hand observation of the subject property. Secure Collateral follows Freddie Mac, Fannie Mae or client specific valuation guidelines serving as “your eyes on the street”.
Multiple BPO Variations Include:
Drive-by BPO includes 3 recent comparable sales, 3 current comparable listings, photos of subject exterior, street scene and address, photos of comparables, occupancy verification, current market condition of the subject and immediate neighborhood price recommendations based on 90-120 day “as is” and “as repaired” values plus an “as is” quick sale value with any observable conditions that may affect marketability.
Interior BPO combines all aspects of the drive-by with a detailed interior and complete exterior observation of the subject property. A minimum of 3 interior photos (living area, kitchen and baths) along with any areas with significant damage are provided.
BPO/AVM Combo provides a dual analysis approach by utilizing data supplied by local licensed professionals in the form of a Broker Price Opinion in addition to the sophistication of Automated Valuation Models specifically designed to estimate market value.
