DPS

Document Sample
DPS Powered By Docstoc
					                                                 Introduction and Instructions

Thank you for agreeing to provide a Property Valuation for the property in question. Please read the instructions below
carefully. The appearance, quality, and accuracy of the BPO that you provide will reflect the professional quality
of you as a real estate agent or broker.

The Valuation document is extremely important to the lender. Major decisions regarding the subject property will be m
information, data, and values that you provide.

Acceptance of this assignment is a commitment you make to Dinwiddie Property Services ( DPS ), and to the lender.
assignment, you are expected to provide a fully completed and quality inspection and valuation, ON TIME. .

If you back-out, or fail to submit the requested document by the due date, without notification and approval of DPS, th
cancelled and you and your firm may be removed from our agent data base, with no future assignments being made to


1.  Please review this form immediately, and call or e-mail any questions or issues.
2.  E-mail a current copy of your real estate license as soon as possible.
3.  Save the blank form to your computer before entering data. Do not enter data on E-mail.
4.  While entering data on the form, save frequently.
5.  When BPO is complete, e-mail the Excel form back to DPS. DO NOT convert to .pdf.
4.  Complete all data fields. If data is not available, use your best professional estimate.
6.  Comment Fields.
    a. Do not leave comment fields blank.
    b. Read and follow the instruction line (in red ) above the comment field.
    c. Comment fields must make sense and must answer instructions (in red ). Comments are to be brief but mean
7. Photos (subject) Front, Sides, Rear (if visible from street) Address, Street, all structures.
8. Photos (comps) Use photos from MLS, Tax Records, Loopnet, etc.
9. Photos are to be attached to the Photo page. Copy & paste photos. Be sure to label photos
10. If you are have difficulty attaching photos, notify DPS and send photos as attachments..
11. Label subject photos as to what is seen. Label comp photos with address of each comp.
12. DO NOT Trespass onto private property for photos.
13. Attachments that are required:
    a. Real Estate License and W9 form.
    b. Tax or assessor sheet for subject property
    c. MLS pages for sold and available comps - DO NOT SEND MLS LINKS
    d. BPO form in Excel format.
14. Payment will normally be made within 4 to 6 weeks. We will send payment to you as soon as payment is received

Thank you for your assistance.

Dinwiddie Property services
e read the instructions below and follow them
 e professional quality


he subject property will be made upon the


 ( DPS ), and to the lender. If you accept the
ation, ON TIME. .

 on and approval of DPS, the assignment may be
 assignments being made to you or your firm.




ail.




nts are to be brief but meaningful.
 res.

hotos
 ..
mp.




soon as payment is received.
                                                              Property Inspection and Evaluation
           DPS                                                                 Commercial - Interior Inspection
                                                                                        Subject
      Property Address                                                                                                                         DPS #
      City, State, Zip                                                                                                                         Ldr Code
                                                                                                                                               County
          Legal / APN #
                                                                                                                                               Loan #
       Your Company                                                                                                                            Mortgagor
       Name and Address                                                                                                                        Agent
      City, State, Zip                                                                                                                         Agt Phone
Occupancy                                  Occupied by :                              Is Subject Listed                                        Listing Agent
Property Type                              Describe Use                                                                                        List Agt Phone
Site Size ( Ac )                           Topography                                 Zoning Code                    Explain Zoning Code
Is subject free of debris                        Has subject been vandalized                              Easement Issues Known                                  Explain
Immediate Repairs needed                         Is property Boarded Up                                   Environmental issues known                             Is subject winterized ?
Utilities on the Property                  Water                    Electric                Sewer                    Septic                    Gas                    Telephone                 Unknown

Heat Fuel Type                             Gas                      Electric                Oil                      Coal                      Wood                   Solar                     Unknown

Furnace / Heat Type                        Forced Air               Radiant                 Base Board               Radiator                  Wood Stove             Heat Pump                 Unknown

Air Conditioner / Cooling                  Central                  Window                  Evap Cooler              Fans                      None                   Other                     Unknown

                                                                                 Assessor's Tax Information
Parcel#                                                 Assessor's Market Value                                Tax Year                   Annual Property Tax Amount

                                                                                      Property Description
                                     Describe the subject property, Type, Current Use, Location, Amenities, and Highest and Best Use, Explain any issues noted above.




 Lot Location               Corner         Interior         Signal Lights       Yes               No      Signage Visibility - Describe

                                                                                        Repair Estimates
  1                                                                                                        2
  3                                                                                                        4
      Repair Comments - describe damage and repair needs                                                   Do you recommended doing repairs ?              Yes        No      Total Cost




Do you know of a history of spillage of fuel, oil, or solvents on property ?                              Are there Chemical or Fuel Storage tanks visible ?
Are there visible oil stains on the ground, concrete, or floors ?                                         Are there any settlement ponds or waste discharge areas seen ?
Is there a storage area visible for Drums, Paint or solvents ?                                            Are there environmental or material handling issues known or seen ?

Explain issues -


                                                                                            Neighborhood
Location                                         Built Up                                         Growth Rate                                              Values
Demand                                           Market Time                                      Land Use Change                                          Employment
Number Competing Listings in the area                               Vandalism in Area                                             Describe
Number Sales in the past 6 Months                                   Special Assessments                                           Describe
Expected time to sell                                                       Rental Price Range per Month                                  List Price Range                                 Sold Price Range
Type of financing required to sell                                  Low                                              Low                                              Low
Number of Boarded properties in the area                            High                                             High                                             High
                                        Describe the Neighborhood and surrounding land uses, and how the neighborhood conditions will affect the subject value and marketing.




   Describe the subject's business neighborhood boundaries, include streets, parks, etc


   What other business or commercial properties are in the area, Please give names


   Describe New construction in the area, especially properties that are similar to subject


   Describe public transportation in the area, include bus, rail, highways, airports, etc


   Give your opinion of over-all real estate market in general & list any specific issues
                                                                        Commercial Market Analysis
                    Subject                                               Sold Comparables                                                Available Comparables
               Data                 Subject                  Sold # 1              Sold # 2                Sold # 3           Available # 1         Available # 2           Available # 3

Address

City
State
Distance from Subj                       xxxx
Data Source
MLS # or        Listing #
List Price
List Date
Sold Price                               xxxx                                                                                      xxxx                     xxxx                    xxxx
Sold Date                                xxxx                                                                                      xxxx                     xxxx                    xxxx
Number of Units
Number of Buildings
Bedrooms
Baths
SqFt Above Grade
Basement
SqFt Basement
% Finished Bsmt
Compare Area to Subject
Location
Lot Size in SqFt
Lot Size in Acres
Design
Type Const
Quality Const.
Parking
Age
Interior Cond
Exterior Cond
Garage
Pool / Spa
Heating
Air Condition
Zoning
Used As
Value per Acre
Value per SqFt
Compared to Subject                      xxxx
Most similar / Subj                      xxxx
                                Describe the similarities and differences between comps and subject. Explain any differences in value between subject and comps.

   Subject


   Sold # 1


   Sold # 2


   Sold #3


   Avail # 1


   Avail # 2


   Avail # 3

                                         Explain how you arrived at the current, fair market value for the subject, based upon comparable sales and listings


      Valuation




                                                                                                Values
      Values                          Low Price ( Quick Sale )                    High Price ( Listing Price )                 ( Expected Selling Price )            Market: As Is --- Repaired
As Is

Repaired

Prepared By                                                                                                 Date                                                   Signature On File
                                This document is a Property Inspection and Evaluation and Comparative Market Analysis, and is not to be considered to be an Appraisal.
                  The information provided in this document was obtained from sources, including Multiple Listing Service, LoopNet.com, Local Tax Records, Broker's information files,
                                                                     Copyright, Dinwiddie Property Services Company, Inc. 2009
Please utilize this space to document any additional comments regarding the comps, or any other item that the lender should be aware of.




                Complete ALL Tabs at bottom of page. You MUST Complete the Agent Bio & License.
                                                                              Interior Inspection Form
               Items                                     Item - System Condition                                      Repair Cost                              Comments
Interior - Over-all Condition      Good                 Fair                     Poor               Bad
Interior Walls                     Good                 Fair                     Poor               Need Paint
Floors - Type                      Carpet               Tile                     Vinyl              Concrete
Floors - Condition                 Good                 Fair                     Poor               Bad
Reception Area                     Good                 Fair                     Poor               None
Conference Room                    Good                 Fair                     Poor               None
Show Room                          Good                 Fair                     Poor               None
Offices                            Good                 Fair                     Poor               None
Kitchen                            Good                 Fair                     Poor               None
Appliances                         Good                 Fair                     Poor               None
Kitchen Cabinets                   Good                 Fair                     Poor               None
Storage Room                       Good                 Fair                     Poor               None
Storage Cabinets                   Good                 Fair                     Poor               None
Security System                    Good                 Fair                     Poor               None
Lighting - Over-All Conditon       Good                 Fair                     Poor               Unknown
Ceilings - Over-All Conditiion     Good                 Fair                     Poor               Water Leaks
Plumbing - Over-All Condition      Good                 Fair                     Poor               Unknown
Heat System Type                   Central              Wall                     Space Heater       Heat Pump
Heat Fuel Type                     Gas                  Electric                 Propane            Oil
Cooling System                     Central              Window                   Evap Cooler        None
Baths - Over All Condition         Good                 Fair                     Poor               None
Shower                             Good                 Fair                     Poor               None
Sinks                              Good                 Fair                     Poor               None
Windows                            Good                 Fair                     Broken             Boarded
Interior Doors                     Good                 Fair                     Poor               None
Warehouse Area                     Good                 Fair                     Poor               None
Exterior - Over-All Condition      Good                 Fair                     Poor               Bad
Walls - Condtion                   Good                 Fair                     Poor               Bad
Exterior - Siding                  Brick                Stucco                   Wood               Vinyl
Roof - Condition                   Good                 Fair                     Poor               Bad
Roof Type                          Flat                 Pitched                  Other              Unknown
Roofing type                       Asphalt              Wood                     Tile               Metal
Widows                             Good                 Poor                     Broken             Boarded
Exterior Doors                     Good                 Fair                     Poor               Bad
Garage - Size                      1 car                2 car                    3+ Car             None
Garage - Type                      Attached             Detached                 Carport            Barn
Garage Doors                       Good                 Fair                     Poor               None
Service Bays                       Good                 Fair                     Poor               None
Loading Docks                      Good                 Fair                     Poor               None
Bay Doors                          Good                 Fair                     Poor               None
Parking Type                       Asphalt              Concrete                 Gravel / Dirt      None
Parking Areas                      Street               Lot                      Building           None
Basement                           Full                 Part                     Finished           None
Patio                              Deck                 Slab                     Brick / Tile       None
Landscaping                        Good                 Fair                     Poor               None
Sprinklers                         Front                Rear                     Automatic          None
Fence                              Front                Rear                     Gated              None
Over-All Property Condition        Good                 Fair                     Poor               Bad

                                                                                           Evidence Of :
Water Stains on Ceiling                    Yes     No   Dampness / Dryrot                           Yes          No   Evidence of Floor Movement                                Yes   No
Structural Problems                        Yes     No   Settlement Problems                         Yes          No   Damage to Exterior Siding                                 Yes   No
Building Code Violations                   Yes     No   Health Code Violations                      Yes          No   Is Asbestos Present                                       Yes   No
Evidence of Fire                           Yes     No   Evidence of Roof Leaks                      Yes          No   Evidence of Termite / Pest Problems                       Yes   No
Evidence of Vandalism                      Yes     No   Evidence of Encroachment                    Yes          No   Evidence of Flood Damage                                  Yes   No
Have Locks been Re-Keyed                   Yes     No   Is Property Winterized                      Yes          No   Is Personal Property Visible                              Yes   No
Comments : Describe the property condition and any damage or problem issue seen. Describe any repair that needs to be completed immediately.




   Inspected By :                                                                                   Date                                                    Signature on File
                                                                   Agent Qualifications               -- Mandatory Fields
Agent Name as on Real Estate License                                                                  License Number                                         Expire Date

Are you Full time or Part time agent                                                                  Type of License                                        Years Licensed

Properties you are qualified to Evaluate, List, and Sell.                   Residential             Commercial          Industrial            Agricultural           Vacant Land /Lots

List all Designations you have received

Are there disciplinary actions against your license                                       Explain

Give a brief description of your real estate training and experience.




Company Name                                                            Address                                                                                  Phone

                                    Attach a copy of your Real Estate License Below, If you have problems attaching the License, then send it to us via e-mail

                                                                             Agent's Real Estate License
To Attach Photos, Click on the field (box) where the photo is to be placed. Now, click on "Insert" at the top of the page, "Picture", "From File" ,
Locate the photo on your system that is to be placed on the page. The photo will be placed on the page. It is best for you to review and resize the
photos before Inserting them onto the page (resize to about 400 pixels). When the photo is attached to the page, re-size it to fit the photo box.
Now, in the blue field above the photo, Identify what the photo is. MUST have "Street Sign" Address Verification, Front, Right side, Left side,
Rear, Street, plus any additional photos that are needed to illustrate the property and any damage that is visible.
                                                                 Subject Photos

           Subject Address
Subject Photos
To Attach Photos, Click on the field (box) where the photo is to be placed. Now, click on "Insert" at the top of the page, "Picture", "From File" , Locate the photo on
your system that is to be placed on the page. The photo will be placed on the page. It is best for you to review and resize the photos before Inserting them onto the
page (resize to about 400 pixels). When the photo is attached to the page, re-size it to fit the photo box. Now, in the blue field above the photo, Identify what the
photo is. MUST have "Street Sign" Address Verification, Front, Right side, Left side, Rear, Street, plus any additional photos that are needed to illustrate the property
and any damage that is visible.

                                                                             Interior Photos
To Attach Photos, Click on the field (box) where the photo is to be placed. Now, click on "Insert" at the top of the page, "Picture", "From File" ,
Locate the photo on your system that is to be placed on the page. The photo will be placed on the page. It is best for you to review and resize the
photos before Inserting them onto the page (resize to about 400 pixels). When the photo is attached to the page, re-size it to fit the photo box. Now,
in the blue field above the photo, Identify what the photo is. MUST have "Street Sign" Address Verification, Front, Right side, Left side, Rear, Street,
plus any additional photos that are needed to illustrate the property and any damage that is visible.


                        Sold Comparables                                                               Available Comparables
Sold #1                                                                          Avail #1




Sold # 2                                                                         Avail # 2




Sold # 3                                                                         Avail # 3

				
DOCUMENT INFO