Broker Price Opinion – Commercial



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Broker Price Opinion – Commercial







BMG Order number:

     

Loan number:

     

Borrower:

     



Subject Property


Property address

     

     

     

     




BPO provider’s company and address

     

Agent

     

     

E-mail

Phone

     

     

     


     




Fax

     




Is the property currently listed?

Yes  No 

Property type

Listing agent

     

Multi-family



Units

     

Phone

     

Office building



Suites

     

Occupancy status

     

Commercial



Describe

     

Occupied by

     

Industrial




Describe

     

Site size

     

Current zoning

     

Building description

Residential use

Excess land

     

Will zoning change?

     

Stories

     



SFR

Parking spaces

     

Will change to

     

Sq Ft

     



Apartment




Parking off street

Yes  No 

Utilities

Heating

Forced air



Construction

Office




T

y

p



e

Asphalt



Water



Gas



Wall



Frame



Retail



Concrete



Sewer



Electric



Base board



Brick



Medical



Gravel/Dirt



Electric



Oil



Radiator



Stucco



Warehouse



Covered



Gas



Water



Central A/C




Block



Manufacturing



Year built

     

Telephone



Coal



Window A/C



Metal



Vacant






Condition

Marketability

Is the property free of debris and trash?

 Yes

 No

Topography

Excellent



Excellent



Are there immediate repairs needed?

 Yes

 No

Level



Good



Good



Has the property been vandalized?

 Yes

 No

Moderate




Fair



Fair



Is the property boarded up?

 Yes

 No

Steep



Poor



Poor



Are there title or legal problems?

 Yes

 No

Flood zone



Bad



Bad



Are there environmental problems?

 Yes

 No

Earthquake zone



Describe the subject’s amenities and its current and best use.



     

Market Data


Data

Subject

Sold #1

Sold #2

Sold #3

Listing #1


Listing #2

Listing #3

Address

     

     

     

     

     

     

     

Distance




     

     

     

     

     

     

List price

     

     

     

     

     

     

     

List date

     

     

     

     

     

     

     

Sale price




     

     

     










Sale date


     

     

     










Market time

     

     

     

     

     

     

     

Units

     

     

     

     

     

     

     

Bedrooms

     

     

     

     

     

     

     

Baths

     

     

     

     

     

     

     

Square Feet

     

     

     

     

     

     

     

Basement

     


     

     

     

     

     

     

Location

     

     

     

     

     

     

     

Lot size

     

     

     

     

     

     

     

Design

     

     

     

     

     

     

     

Appeal

     

     

     

     

     

     

     

Const quality

     

     

     

     

     

     

     


Age

     

     

     

     

     

     

     

Interior cond

     

     

     

     

     

     

     

Exterior cond

     

     

     

     

     

     

     

Garage

     

     

     

     

     

     

     

Heating

     

     

     

     

     

     

     

Cooling

     

     

     

     

     

     


     

Zoning

     

     

     

     

     

     

     

Estimate rent

     

     

     

     

     

     

     

Other

     

     

     

     

     

     

     

Describe the similarities and differences between the subject and the comparables. Justify any differences in value.



     

Values / List Price


Values

Low Value

High (list price)

Market

Inspection type

As is

$     

$     

As is




Drive by only



Repaired

$     

$     

Repaired



Full interior




Neighborhood


Location

Built up

Growth

Values

Demand/supply

Market time

Land Use Change

Urban



Over 75%



Rapid



Increasing



Shortage



1-3 mo



Unlikely



Suburban



25-75%




Stable



Stable



Balance



3-6 mo



Likely



Rural



Under 25%



Slow



Decreasing



Surplus



6+ mo



To

     




Vacancy

Pride of Ownership

Current Market

Employment

Market prices in area have

# Similar listings

0-5%



Excellent



Improving



Increasing




 Inc      % in       months

Shortage



5-10%



Good



Stable



Stable



 Remained stable

Normal



10-20%



Fair



Slow



Declining



 Dec      % in       months

Surplus



20%+



Poor



Depressed









Number of competing listings in area

     

Describe any vandalism

     

Number of sales in past six months


     

Describe special assessments

     

Estimate of time to sell

     

Rental price range

List price range

Sold price range

Financing normally required to sell

     

High

$     

High

$     

High

$     

Number of boarded properties in area

     

Low

$     

Low

$     

Low

$     


Repair Estimates


Describe any repairs needed and any visible damage.

     





1.      

$     

6.      

$     

2.      


$     

7.      

$     

3.      

$     

8.      

$     

4.      

$     

9.      

$     

5.      

$     

10.      

$     

Do you recommend any repairs?

Yes  No 

Total repairs

$     


Additional Comments
Please use this area for additional comments to inform the lender of any additional factors of which it should be aware. Also note a marketing strategy and any differences that the strategy could or should have due to the property being REO.





Prepared By


Name

     

Date

     

Electronic/typed signature

     

COMMERCIAL BPO PHOTO ADDENDUM


Address:      

Agent:      













Front View




Rear View










Photo Description




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COMMERCIAL BPO PHOTO ADDENDUM

Address:      

Agent:      













Photo Description




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BMG rev. 02/04/14





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