What is a Broker Price Opinion?
If you’re trying to get a mortgage, you may hear the lender refer to a broker price opinion. Is that the same thing as an appraisal, or a comparative market analysis? Not really. Let’s explore the differences in these three ways of valuing a house. Three ways toward valuation A broker price opinion (BPO) is […]
Let’s Make a Deal: Buyer Strategies
You don’t need to be a steely eyed negotiator to get a good deal on a house, but it helps if you do your homework and make a solid offer based on market conditions. Here are a few tips to ease the process. Preapproval. A seller is more inclined to deal with a buyer who […]
Let’s Make a Deal: Seller Strategies
When you get an offer to buy your house, take a deep breath and set aside your emotions. It’s time to negotiate using solid numbers based on the real estate market’s current conditions in your area. Crunch the numbers. Ideally, you and your agent did a Comparative Market Analysis or CMA before listing your home, […]