RESIDENTIAL BROKER PRICE OPINION
REO #: Loan#
This BPO is t he Initi al 2nd Opin ion Updated Exterior only D ATE:
PROPERTY ADDRESS: B R OK E R Company P H ON E N O. : BROKER ADDRESS:
ASSET ADMINISTRATOR: CLIENT NAME: COMPLETED BY: F A X N O. : BROKER EMAIL:
Depressed Slow Stable Im proving in past in past Im proving months months Excelle nt
I.
GENERAL MARKET CONDITIONS
Current market conditio ns: Employment c onditions: Market price o f this type property has: Decreased % Incr eased % Remained St able Estimated per centage o f owners v s. tenant s in neigh borhood: % owner occupant There is a normal supply over supply Appr oximate n umber of comparab le units fo r sale in n eighborh ood: Number of co mpeting lis tings in n eighborho ods that a re REO or Corporat e owned: Number of bo arded or bl ocked-up homes: Declining Stable
% tenant shortage of c omparabl e listings i n neighbor hood
I I.
SUBJECT MARKETABILITY
Range of valu es in the neighborh ood is $ to $ The subject is an over improve ment Normal market ing time i n the area is days Are all types o f financin g availabl e for this p roperty? Has the prope rty been o n the mar ket in the last 12 m onths? Yes To the best of your kno wledge, w hy did it n ot sell? Unit type: single family detached condo single family attached townhouse If co ndo or ot her manda tory asso ciations e xist: Fee $ monthly or The fee includ es: Ins urance Landscape under improv ement Yes No No If ye s, $ appropriate i mproveme nt for the neighborh ood If no , explain list pric e (attach MLS printo ut). mobile home No Fee deli nquent $ Other Phone No.:
co-op modular annually. Current? Yes Pool Tennis
**ATTACH HOA SUPPLEMENT III.
ITEM
Ass ociation N ame and Contact:
COMPETITIVE CLOSED SALES SUBJECT COMPARABLE NUMBER 1
REO /CORP $ $ Sq . Ft $ Sq . Ft $ $ Sq . Ft REO /CORP $ $ Ft Sq.
COMPARABLE NUMBER 2
REO /CORP
COMPARABLE NUMBER 3
Addr ess Proximity to S ubject Sales Price Price / Gross Living Area Data Source Sale Date / Da ys on Market V ALUE ADJ USTMENT S Sales or Finan cing Concessions Location Leasehold / Fee Simple Site V iew Design and Appeal Quality of Con struction Age Condition / DESCR IPT ION DESCR IPT ION /
+ ( - ) $ Adj.
$
/ DESCR IPT ION
+ ( - ) $ Adj.
DESCR IPT ION
+ ( - ) $ Adj.
Total Baths
Abo ve Grade Room Count Gross Living Area Basement & F inished Rooms Below Grade Functional Utili ty Heating/Cooli ng Energy Efficie nt Items Garage / Car port Porch, Patio, Deck, Fireplace(s), e tc. Fence, Pool, etc. Other Net Adj. (total) Adju sted Sale s Price Of Comparabl e
Total Baths Bdrm
Total Baths Bdrm
Total Baths Bdrm
Bdrm
Sq. Ft .
Sq. Ft .
Sq. Ft .
Sq. Ft .
+
-
$ $
+
-
$ $
+
-
$ $
REO # : IV. V. ITEM
Loan # MARKE TIN G STR ATE GY
As Is
Page # 2 of 2
Minimal Lend er Require d Repairs
Repaired
Most Likely Bu yer:
Owner Occup ant
Inv estor
REPAIRS
Itemi ze ALL re pairs nee ded to bri ng propert y from its present “ as is” condition to av erage ma rketable c ondition f or the nei ghbor hood. Check those r epairs you recomme nd that w e perform for most s uccessful marketin g of the pr operty:
ESTIMATED COST $ $ $ $ $
ITEM
ESTIMATED COST $ $ $ $ $
GRAND TOTAL FOR ALL REPAIRS $ VI.
ITEM
COMPETITIVE LISTINGS SUBJECT COMPARABLE NUMBER 1
REO /CORP $ $ Sq . Ft $ Sq . Ft $ $ Sq . Ft REO /CORP $ $ Sq . Ft
COMPARABLE NUMBER 2
REO /CORP
COMPARABLE NUMBER 3
Addr ess Proximity to S ubject List Price Price / Gross Living Area Data Source V ALUE ADJ USTMENT S Sales or Finan cing Concessions Days on Mark et Location Leasehold / Fee Simple Site V iew Design and Appeal Quality of Con struction Age Condition DESCR IPT ION DESCR IPT ION
+ ( - ) $ Adj.
$
DESCR IPT ION
+ ( - ) $ Adj.
DESCR IPT ION
+ ( - ) $ Adj.
Total Baths
Abo ve Grade Room Count Gross Living Area Basement & F inished Rooms Below Grade Functional Utili ty Heating / Cool ing Energy Efficie nt Items Garage / Carp ort Porch, Patio, Deck, Fireplace(s), e tc. Fence, Pool, etc. Other Net Adj. (total) Adju sted Sale s Price Of Comparabl e
Total Baths Bdrm
Total Baths Bdrm
Total Baths Bdrm
Bdrm
Sq. Ft .
Sq. Ft .
Sq. Ft .
Sq. Ft .
+
-
$ $
+
-
$ $
+
-
$ $
VII.
THE MARKET VALUE (The value m ust fall with in the ind icated value of the Competitive C losed Sales) MARKET VALUE SUGGESTED LIST PRICE $ $ AVERAGE marketing time 90 – 120 DAY VALUE
AS IS Value
Repaired Value VIII.
$
$
COMMENTS (Include specific positives / negatives, special concerns, encroachm ents, easem ents, water rights, environmental concerns, flood zones, etc. Attach addendum if add itional space is needed.)
Signature: ________________________________________________ Date: