Westchester County Business Journal - How to succeed the old-fashioned way.
October 11, 2004 -- Many people use the phrase "The Midas Touch," but success is not a myth, it's a combination of hard work, strategy, knowledge and the willingness ...

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A lawyer can make sure these special clauses are written into your offer to purchase form.

Westchester County Business Journal - Hospice honorees show their support
October 11, 2004 -- Three times, John N. D'Agostino has seen family members living outside the county succumb to terminal illnesses, an aunt, an uncle and his wife's ...

Westchester County Business Journal - How to record your passion for posterity.
October 11, 2004 -- If you've ever described an interesting idea, experience or adventure to friends or colleagues, it's quite likely someone's responded by telling ...

What is a Broker Price Opinion in the Real Estate Market?

A Broker Price Opinion may be called many things, BPO, valuation, "mini appraisal" even CMA has been known to title the information in a broker price opinion. What is a Broker Price Opinion? In real estate it is an OPINION of value, based on current real estate market analysis. It is not an appraisal. There are many more technical requirements for an official appraisal; among them is an appraisal license. Broker Price Opinions are performed by agent/brokers in the real estate market. Each state has separate requirements for licensing levels; however, the experience needed is the universal skill, of valuing a property for current market sales price.

Banks use these values, for determining approval on mortgage loans, second mortgage loans, home equity loans, and refinancing. The information that is required for each bank and each loan purpose varies greatly.

There are many training vehicles for completing Broker Price Opinions, highly recommended is RealEstateProGuides.com, a business building site for real estate professionals. They provide learning guides for niche markets in real estate, and include forms to use for inspections and invoice tracking, among with a client data base with contact information. It is important to attain the names and contact information for clients in training to start a broker price opinion business. Some are very reputable, and others are not. Having them recommended is a great source of security for the broker new to the business. Go to www.buildbpobusiness.com for a FREE interior inspection checklist, a valuable tool in completing interior broker price opinions.