Questioning The Broker Price Opinion for Reo’s
Many people question broker price opinions when purchasing reo’s and foreclosures. These opinions are just what the term infers, “opinions”. Bank policies will differ on the matter and some banks purposely under value to sell quickly while other banks want their bpo’s to conform to a price that will get them as much money back [...]
Accepting Broker Price Opinions for Short Sales
Getting a lender to accept a broker price opinion for short sales will not be difficult but you may not get a fair market value for the home. First of all, the bank really doesn’t want to enter into a new agreement that decreases the mortgage amount. They will fight you on the process unless they are getting close to what they already receive for the home. A broker price opinion will much likely favor the lender than the new buyer.
Price Your Foreclosure with an Interior Broker Price Opinion
Why choose an interior broker price opinion over a certified appraisal if you’re purchasing a foreclosure? Well, it all depends on the condition of the home that you want to buy. Many foreclosures are not well kept and if you’re looking at a dilapidated home why spend more money than you have to when an [...]
Recently Written
- Broker Price Opinion and Real Estate Agents Making Money with Them
- Questioning The Broker Price Opinion for Reo’s
- Accepting Broker Price Opinions for Short Sales
- Price Your Foreclosure with an Interior Broker Price Opinion
- Using an Exterior Broker Price Opinion to Purchase REO’s
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