Real estate agents perform BPOs, while licensed appraisers perform appraisals. In general, BPOs are less detailed and less expensive than appraisals. Appraisals are more detailed and in-depth, and thus are thought to be more accurate.
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Accurate and Reliable Property Valuation Reports
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- Based on an analysis of comparable sales data and property inspection
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Frequently asked questions
How accurate are BPOs compared to appraisals?
BPOs are considered less accurate than appraisals. Appraisals are more detailed and in-depth, and therefore provide a more accurate estimate of a property’s value.
What information is included in a BPO report?
A BPO report will typically include information such as the property’s condition, square footage, lot size, and any upgrades or renovations made, as well as a detailed summary of the property’s strengths and weaknesses and a range of potential selling prices.
