Updated about 10 years ago on . Most recent reply
What is a BPO
BP, I am working with a Hard Money Lender to close on a small 8 unit building.
The lender has his on inspectors to perform a BPO.
What does this inspection typically include ?
Most Popular Reply
BPO is a broker price opinion and is less formal than a traditional appraisal report. A BPO is just when a licensed real estate agent gives you their opinion of fair market value. Usually will include photos and comps and you can hire an agent to do one anywhere from $50-$100.