RESIDENTIAL BROKER PRICE OPINION
REO #: Loan# This BPO is t he Initi al 2nd Opin ion Updated Exterior only D ATE:
PROPERTY ADDRESS: ASSET ADMINISTRATOR:
CLIENT NAME:
B R OK E R
Company COMPLETED BY:
P H ON E N O. : F A X N O. :
BROKER ADDRESS: BROKER EMAIL:
I. GENERAL MARKET CONDITIONS
Current market conditio ns: Depressed Slow Stable Im proving Excelle nt
Employment c onditions: Declining Stable Im proving
Market price o f this type property has: Decreased % in past months
Incr eased % in past months
Remained St able
Estimated per centage o f owners v s. tenant s in neigh borhood: % owner occupant % tenant
There is a normal supply over supply shortage of c omparabl e listings i n neighbor hood
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:
I I. SUBJECT MARKETABILITY
Range of valu es in the neighborh ood is $ to $
The subject is an over improve ment under improv ement appropriate i mproveme nt for the neighborh ood
Normal market ing time i n the area is days
Are all types o f financin g availabl e for this p roperty? Yes No If no , explain
Has the prope rty been o n the mar ket in the last 12 m onths? Yes No If ye s, $ list pric e (attach MLS printo ut).
To the best of your kno wledge, w hy did it n ot sell?
Unit type: single family detached condo co-op mobile home
single family attached townhouse modular
If co ndo or ot her manda tory asso ciations e xist: Fee $ monthly or annually. Current? Yes No Fee deli nquent $
The fee includ es: Ins urance Landscape Pool Tennis Other
Ass ociation N ame and Contact: Phone No.:
**ATTACH HOA SUPPLEMENT
III. COMPETITIVE CLOSED SALES
COMPARABLE COMPARABLE COMPARABLE
ITEM SUBJECT
NUMBER 1 NUMBER 2 NUMBER 3
Addr ess
Proximity to S ubject REO /CORP REO /CORP REO /CORP
Sales Price $ $ $ $
Price / Gross Living $ Sq.
$ Sq . Ft $ Sq . Ft $ Sq . Ft
Area Ft
Data Source
Sale Date / Da ys on
/ / /
Market
V ALUE
ADJ USTMENT S DESCR IPT ION DESCR IPT ION + ( - ) $ Adj. DESCR IPT ION + ( - ) $ Adj. DESCR IPT ION + ( - ) $ Adj.
Sales or Finan cing
Concessions
Location
Leasehold /
Fee Simple
Site
V iew
Design and Appeal
Quality of Con struction
Age
Condition
Total Baths Total Baths Total Baths Total Baths
Abo ve Grade Bdrm Bdrm Bdrm Bdrm
Room Count
Gross Living Area Sq. Ft . Sq. Ft . Sq. Ft . Sq. Ft .
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
REO # : Loan # Page # 2 of 2
IV. MARKE TIN G STR ATE GY
As Is Minimal Lend er Require d Repairs Repaired Most Likely Bu yer: Owner Occup ant Inv estor
V. 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:
ITEM ESTIMATED COST ITEM ESTIMATED COST
$ $
$ $
$ $
$ $
$ $
GRAND TOTAL FOR ALL REPAIRS $
VI. COMPETITIVE LISTINGS
COMPARABLE COMPARABLE COMPARABLE
ITEM SUBJECT
NUMBER 1 NUMBER 2 NUMBER 3
Addr ess
Proximity to S ubject REO /CORP REO /CORP REO /CORP
List Price $ $ $ $
Price / Gross Living
$ Sq . Ft $ Sq . Ft $ Sq . Ft $ Sq . Ft
Area
Data Source
V ALUE
DESCR IPT ION DESCR IPT ION + ( - ) $ Adj. DESCR IPT ION + ( - ) $ Adj. DESCR IPT ION + ( - ) $ Adj.
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
Total Baths Total Baths Total Baths Total Baths
Abo ve Grade Bdrm Bdrm Bdrm Bdrm
Room Count
Gross Living Area
Sq. Ft . Sq. Ft . Sq. Ft . Sq. Ft .
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
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
AS IS Value $ $ AVERAGE
marketing time
Repaired $ $ 90 – 120 DAY
Value 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: