BROKER PRICE OPINIONS
Close Real Estate Broker’s Price Opinion
Agents and brokers with Close Real Estate are required to possess, at minimum, a bachelors degree from an accredited, not-for-profit university. This means the price opinion you receive is executed by an individual that has training beyond the skills required to earn a Texas real estate license.
Close Real Estate has agents in Amarillo, Abilene, Dallas|Fort Worth, & San Antonio ready to deliver your broker price opinion. The primary broker for Close Real Estate is a PhD-degreed economist with years of experience in valuation questions. When agents performing broker price opinions encounter a thorny valuation issue, the have his expertise to guide them.
Our agents are experienced in delivering broker price opinions and their objective is to deliver a sound estimate of price and do some in a timely fashion.
Request a broker’s price opinion from Close Real Estate
Complete the questions below to initiate your broker price opinion. Once submitted, you’ll be contacted by a Close Real Estate agent who will run point on delivering your price opinion.
What is a broker’s price opinion?
A broker’s price opinion is a method which a real estate broker (or an agent acting on behalf of their employing broker) uses to estimate the probable selling price of a real estate property or house. The estimate of price is submitted in a report – typically 2 to 3 pages – that includes local and regional real estate market information, neighborhood analysis, and comparable properties similar to the subject property being priced. This method of estimating a price has similarities to a comparative market analysis and a residential real estate appraisal.
Executing a broker’s price opinion means a real estate professional is requested by a to submit an estimate of a selling price for a property in report form for a fee.
When is a broker’s price opinion used?
- Loan origination where permitted by FIRREA (under $250,000)Internal non-lending purposes
- Valuation of portfolio
- Mark to market
- Home Equity Line of Credit – HELOC (under $250,000 per FIRREA)
- Home Equity Loan (under $250,000 per FIRREA)
- Private Mortgage Insurance – PMI removal
- Secondary markets (loan but not underlying property not sold)
- Establish portfolio price – seller
- Due Diligence – buyer
- Distressed loans
- Ongoing diligence/disposition
- Short Sale
- Loan Modifications
- Estate settlement
Executing a broker’s price opinion means a real estate professional is requested by a client to submit an estimate of a selling price for a property in report form for a fee. If you’d like more information about Close Real Estate’s broker price opinion services, contact Conner Nielsen at 806-928-8884 or by email.