Category: home worth

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Find Out How Much Homes in the Area Are Selling For! HomeEvals.com

Find out how much homes in the area are selling for.
FREE SERVICE FOR GREATER LOS ANGELES AREA HOME OWNERS

Receive a FREE computerized list of recent home sales and current listings Downtown or anywhere in the Greater Los Angeles Area emailed to you at no cost or obligation. No need to talk to anyone. Just fill out the online form, or call or text our 24/hour hotline below with the streets or buildings you would like to have information on. Then, receive by email a computerized printout on each active property for sale (or recently sold) including the address and photo of the home, a description of key features, along with the list price (if relevant) the sale price. This information will give you a good idea of what your home might sell for if you were to put it up for sale in today’s market.

To receive a computerized area home sales report, fill out the online form, or you may call or text 213-880-9910, a free service of www.HomeEvals.com.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Broker Price Opinion

Order a Broker Price Opinion from an experienced real estate professional.

A broker price opinion, or BPO, is a real estate professional’s written opinion of a property’s estimated market value. BPOs are most often referred to when setting the list price of a property, similar to a comparative market analysis. A Broker Price Opinion is also sometimes used in the case of a foreclosure or short sale. | QUICK ORDER

While browsing real estate listings, prospective home buyers and sellers want to know the prices attached to those properties. Buyers want an idea of how much money they will need to buy each home, and sellers need to know how much they will receive when they sell a property. But who sets those numbers? If the home seller is working with a real estate agent or broker to handle their transaction, the list price of the home is likely influenced by some kind of broker price opinion.

To determine the BPO, a real estate agent or broker will use expertise and experience to assign a dollar amount to a property based on recently sold prices of comparable nearby properties. BPOs are normally performed by a broker who is familiar with the local housing market. Brokers may also take into account an estimate of any improvements or the costs of any necessary repairs.

For some official functions, such as for mortgage financing, an appraisal by a licensed home appraiser is required. A BPO will not suffice for home purchase transaction financing lender decisions. For most other uses, such as basic, unofficial research or verification of home value to a home owner with property value knowledge, such as helping to decide the listing amount, the BPO fits the bill, and at a much lower price than an appraisal. A BPO may provide a quick, easy second opinion for a home seller to consider before accepting an offer from a buyer.

Often taking less than 24 hours, a Broker Price Opinion is cheaper, faster and easier to schedule than a licensed appraisal, and can sometimes include additional information that may not be provided with an appraisal, such as: pros and cons, building report, county assessor record, investment opinion sold properties report and area lenders report. The BPO may be requested for any kind of property, including single family home, condo, multi-family, commercial property or land.

Request a Broker Price Opinion. Fill out the online form:

A Broker Price Opinion may be requested for residential, commercial and other property types.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.