Broker Price Opinions (BPOs)
Residential broker price opinions are the key to gathering ‘boots-on-the-ground’ intelligence on distressed properties, REO assets and refinancing opportunities. With a nationwide network of brokers and agents operating across the country, and the resources of a nationwide real estate services provider, PCV Murcor provides reliable, researched opinions. We can help you make more informed decisions whether you are assessing or reassessing value for REO listings or performing portfolio due diligence.
What We Offer
PCV Murcor offers a number of broker price opinions that can be customized to fit any client need. From curbside inspections to more comprehensive reports that include repair estimates, trend summaries, neighborhood information and other market intelligence, we provide the appropriate level of local real estate information to accommodate any need. When selecting a local vendor for an assignment, we search for brokers with the combination of area and industry experience to give our client the most useful perspective. All our vendors undergo continual assessment of their accuracy and turn times, helping to ensure that all BPOs are delivered quickly and thoroughly.
Industry-Leading Quality Control
To help ensure each residential broker price opinion meets our high quality standards, we’ve implemented a comprehensive automated and manual vetting process for every report. Using proprietary review software, every BPO undergoes a series of over 1,000 business-rule driven validations. These proprietary appraiser-developed rules are based on our internal standards and client-specific requirements.
Those BPOs that fail this automated process are then manually reviewed by our team of licensed appraisers. It is this commitment to quality control at every step in the process that allows us to deliver a credible, defensible value while meeting the strictest benchmarks for accuracy and turn time.
PCV BPOs Include:
• Property & neighborhood information
• Subject property condition
• Prior sales & listing history
• Maps & Photos of subject & comparable comps