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REAL ESTATE MARKET VALUATIONS (BPO)

Market Valuations are completed by state licensed real estate agents that have been pre screened by REM personnel to insure competency and professionalism.

Exterior Market Valuations

The exterior market valuations is an exterior only inspection of the subject property. Exterior photos of the subject property are available upon request.

Interior Market Valuations

The interior market valuations includes an agent inspection of the interior and exterior of the subject property. Interior photos of the property are available upon request.

Forms Used

REM uses several forms for BPOs. The most commonly used form is our own REM Form. The REM Form includes three comparable sales and three comparable listings. The As Is value and the Quick Sale value are included with this report for exterior BPOs. An As Repaired value is provided for interior valuations.

REM agents can also provide information on the Fannie Mae and Freddie Mac market analysis forms. These forms provide the suggested List Price and probable Sale Price for exteriors and also the As Repaired value for interiors.

Special requests to use custom forms can also be accommodated.

General Information

The sale price of the subject property is determined by using three recent closed sales, if available. The suggested list price is based on three competitive listings. All BPOs are reviewed by our in-house professionals to insure a product that is reliable, timely and accurate. Requests for photos for the subject property and comparable properties are available upon request. Two separate real estate offices will provide requests for two separate valuations on a property. Special requests to use custom forms can also be accommodated.

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