What is in a Broker’s Price Opinion Report?

In the realm of real estate, accurately determining property value is crucial for various transactions, from sales to refinancing. While a full-fledged appraisal is often employed for these purposes, another valuable tool that has gained traction is the Broker’s Price Opinion (BPO). Less costly and quicker than traditional appraisals, a BPO can offer an efficient assessment of a property’s worth, especially in situations where time and cost constraints prevail.

But what is in a broker’s price opinion report? Let’s delve deeper into the components and significance of a BPO.

1. Introduction and Overview: This section provides basic details about the property in question. It includes the property address, type of property (e.g., single-family residence, multi-unit building, commercial property), and the reason for the BPO (e.g., potential sale, foreclosure, refinancing).

2. Subject Property Details: In this section, the report offers an in-depth look at the property’s specifics. This includes:

  • Property size (square footage)
  • Number of bedrooms and bathrooms
  • Age of the property
  • Type of construction
  • Features and amenities such as a pool, garage, garden, etc.

3. Comparative Market Analysis (CMA): At the heart of a BPO is the CMA, wherein the broker compares the subject property to other similar properties in the vicinity. This section will typically include:

  • Listings of recently sold properties (comparables or “comps”) that are similar in size, condition, and location to the subject property.
  • Active listings – properties currently on the market.
  • Expired listings – properties that were on the market but did not sell.

4. Market Conditions and Trends: The real estate market is dynamic and ever-evolving. In this section, the broker will provide insights into current market conditions and potential future trends. This could cover aspects such as:

  • The average time properties stay on the market.
  • Current interest rates and their potential impact.
  • Seasonal factors affecting the market.
  • Local economic factors, including job growth or decline, major infrastructure projects, etc.

5. Property Condition and Required Repairs: A significant factor influencing property value is its condition. In this segment, the broker will outline:

  • The overall state of the property: whether it’s move-in ready, needs minor upgrades, or requires significant repairs.
  • Any structural issues, like foundation problems or roof repairs.
  • Cosmetic issues like peeling paint or outdated fixtures.

6. Exterior and Neighborhood Evaluation: The property’s exterior and its surrounding environment play a pivotal role in its valuation. Key components in this section include:

  • The condition of the property’s façade, yard, driveway, etc.
  • A description of the neighborhood, including its general condition, safety, amenities like parks or shopping centers, and proximity to schools or major highways.
  • Factors that might affect the property’s value, such as nearby industrial areas, future construction projects, or historical landmarks.

7. Photographs: Images are a valuable inclusion in a BPO. They provide a visual representation of the property’s condition, its layout, and any notable features or issues. Expect to see photographs of:

  • The property’s front and back.
  • Major rooms like the living room, kitchen, bedrooms, and bathrooms.
  • Any significant damage or repairs needed.
  • Unique features or amenities, such as a fireplace, pool, or garden.

8. Recommended Listing Price: After analyzing all the data, the broker will provide a recommended listing price for the property. This might be provided as a specific figure or a price range, reflecting the broker’s assessment of what the property could fetch on the current market.

9. Potential Issues and Other Considerations: Finally, a comprehensive BPO might list potential hurdles in selling the property at the recommended price. This could be anything from prevailing market conditions to specific property issues like a problematic foundation or legal disputes over property lines.


While a Broker’s Price Opinion is not as exhaustive as a professional appraisal, it offers a reliable snapshot of a property’s potential market value. Filled with insightful data and grounded in the broker’s understanding of the local market, a BPO serves as an essential tool for lenders, investors, and homeowners alike. Whether used for sales, refinancing, or investment analysis, a BPO report’s components work together to provide a clear, comprehensive picture of a property’s standing in the current real estate landscape.

move offshore BPO LLC
5840 S Semoran Blvd, Orlando, FL 32822, United States
+1 512-686-1525