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 is a Dallas/Fort Worth-based real estate brokerage. We have agents in this area that are willing to execute your broker price opinion in Denton, Ellis, Dallas, Johnson, Collin, Tarrant, Collin, and Rockwall counties.
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.