Broker Price Opinions (BPOs) are an efficient and cost-effective alternative in determining the value of residential property. Walnut Creek Realty’s team has specialized in BPOs for nearly two decades providing valuation services for residential owners and investors listing their homes, national and private lending firms (collateral updates and loan portfolio evaluations), and default servicing companies (independent, secondary opinions on institutionally owned property).
Who needs a BPO and when?
01
Homeowners
Concerned about agents trying to buy your listing by telling you what you want to hear? Perhaps you’ve got two different market values from different brokers? Having a BPO from a third party who has no interest in listing your home and is in not compensated based upon the market sales price of your home is a great way to get clarity and confidence on where your property’s selling price point is.
02
Lenders
Lenders have used BPOs as one tool for reviewing loan modifications, secondary confirmation of appraisal, value trend analysis, and monitoring the collateral value of existing performing and non-performing loans and portfolios.
03
Default Servicers
BPOs assist default servicing companies in setting an independent and dependable listing price on real estate owned (REO) property.
