Broker Price Opinion


A Broker Price Opinion (BPO) is sought by an asset manager or a representative of a bank or financial service organization when they want to place a monetary value on their real estate portfolio. It is similar to a comparative market analysis a real estate agent does for home owners when they are selling their house.

When doing a BPO a real estate agent compares the livable square footage of the structure, the condition, and the amenities to other similar properties within close proximity to the subject property. It also includes estimates for interior or exterior repairs, if needed, and the timeframe required to sell a like-kind property. It includes multiple pictures of the subject and the street on which it is located, as well as the pictures of all the comparative properties.

A servicer can use this data to get the market value of the property which they can use to refinance(although not legal), sell, list the property as an REO, process a foreclosure, or trade the property with other banks or entities.

This process is similar to what an appraiser does when you are buying a house and when your bank orders an appraisal. It is much quicker and less expensive for the bank to use a BPO vs an appraisal.

Real estate agents see a flood of BPO orders when the market goes south and foreclosures are on the rise. They work with multiple servicers who need BPOs completed within 24-48 hours and the ones who do a good job and give timely reports are preferred by the asset managers who in turn reward them by giving them all their REO listings.

LEHIGH Ave, Avenel, NJ 07001

$184,500

Year built 1943.

1108 Sqft, Lot size: 0.11 acres

3 bed 1 bath home in Avenel, NJ. Full Basement, Partially finished. More information..
http://spectrumrealestategroup.com/invest/

Rented !!!

3 bedroom, 2.5 Bath Rent $2,500/month. Rent is not negotiable.
Tenant pays for all utilities, water-sewer, lawn maintenance and snow removal.
Requires 1 year lease minimum, Minimum credit score of 650,
income verification and background check.
Application link is below. Application fee $35. Call 848-391-7152 for Qs.

Click below to submit a rental Application.

Gone!! 22 Wilmot St, East Brunswick, NJ

$390,000 Call to see it Today – Rashida 848-391-7152

3 Bedroom, 2.5 Bath Colonial. Garage converted to family room

Beautiful Sunny updated 3 BR, 2.5 bath home* Features Wood flooring throughout*Electric Fireplace in LR*Big Bay window lets in lots of natural light*Large Updated Eat-in-Kitchen with SS Appliances with exhaust leading to the exterior of the house*Sliding doors lead to paved patio and big backyard with big storage shed.

Updated Kitchen

*East Brunswick Blue ribbon schools
Second floor has 3 generous sized Bedrooms with Beautiful Brazilian Cherry Floors. Spacious Master Bedroom has attached Large Master Bath with dual sinks and separate shower and Walk-in closet *Walk-in closet in 2nd bedroom as well *Finished attic for lots of storage*Updated Fiberglass windows throughout the house *Close to NYC bus stop and shopping mall .

Sold !!! 485 College Dr, Edison

Totally Updated 3rd floor, 2 Bedroom, 1 Bath condo. 
Newer kitchen, bathroom, windows, hardwood floors,

centrally located, near Middlesex County College,
Park, near Rt. 1, 9, 287, turnpike,
near Metuchen train stn.
Ready to Move-in. Please have Proof of funds or

Mortgage Pre-approval before asking for appointment
so we don't waste each others time. These units go fast...

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