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Key takeaways. A broker price opinion, or BPO, is an estimate of a property’s value conducted by a real estate broker, agent or qualified realty firm.
Online real estate platform Ownerly offers a home value estimator, but you must set up an account — and pay for a subscription. However, you can sign up for a seven-day trial membership for $1 ...
values of similar properties in the surrounding area [2] the amount of cleaning, repair, and preparation needed to make the property marketable [2] [11] BPO and comparative market analysis (CMA) can be provided by real estate brokers to establish a general idea of what your home could be listed for in the current real estate market.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$; 1 Hawaii $839,013
Consider budgeting for emergency home repairs and maintenance in the amount of 1 percent or more of your home’s value every year. For example, on a $300,000 home, your budget for maintenance ...
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