Broker's Price Opinion

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Broker's Price Opinion

A Broker’s Price Opinion is an estimate of market value based on a professional's expertise in a market. Connect Hawaii provides clients with market value based on comparable analysis on recently sold properties and trending for active and contingent homes. Our years of experience in residential sales and commercial real estate appraisal, lends to our comprehensive study and accuracy in pricing that clients rely on.

Lenders, fellow realtors, and clients request Broker’s Price Opinions (BPO) for a multitude of reasons: 

  • Owners looking to borrow money to build an addition to the home.
  • Lenders wanting to understand the value of a borrower's existing property to potentially pull equity towards the purchase of a second home.
  • Realtors taking one of a kind listings, distressed properties and or lack experience in an area will seek assistance in verifying market value.

The biggest difference between an appraisal and a BPO is that an appraiser can only use sold transactions as comparables to evaluate the value of a property. A BPO factors active and contingent homes to show a trend and determine market value. For this reason, appraised values can be lower than the market value list price of a property a broker would set.