BPOs include consideration of real estate values of three (3) listed and three (3) sold comparable properties in the same neighborhood as well as the general condition of the neighborhood. The opinion includes a comprehensive and detailed report outlining comparable real estate values used in the consideration of value and the condition of the neighborhood.
BPO Features:
Estimated value for subject property (30, 90, and 120 marketing time for “as is” and “as repaired”).
Provides subject property condition.
Evaluates current condition of subject exterior.
Includes an estimate of repairs to obtain fair market value.
Narrative report on neighborhood market trends.
Outlines typical marketing time.
Compares comparable sales and active listings to subject property.
Includes subject photo.
Our 15-point quality control review ensures that the client receives the most complete and useful data available to make capital recovery decisions. Each broker works from an extensive instruction sheet detailing the individual clients' requirements guaranteeing consistency. BPO reports may be provided on our form, or on any form the client chooses to use.
IAS provides Broker Price Opinions on a Drive-By and Interior basis. IAS understands the critical need for obtaining values for Short Sales or Foreclosure Bidding on a "last minute basis."
iCDA™: Expert default professional services combined with innovative new technology, key partnerships and alliances make iCDA your single source for full-service, end-to-end credit diligence.
iAVM™: Intuitive, powerful and fast, our iAVM produces Intelligent Property Reports that are accurate, supported, repeatable and traceable.
BPO: BPO's include a comprehensive and detailed
report outlining the listed and sold comparable real estate values supporting the Broker's opinion of value. The
BPO includes photographs of the subject property.
Appraisal Services: Performed by a licensed appraiser and in complete compliance with USPAP. And for even greater assurance, we offer an exclusive three-tier quality control check and final review completed by an onsite licensed appraiser.
Desktop Review with Final Tie-Value:Final Tie-Outs are based upon a Desktop Review of available BPOs, appraisals, iAVM and iMVI
results, and additional local market data. A narrative report provides a refined, well-researched
understanding of the property and its surroundings, resulting in a stated value recommendation.