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Tuesday, May 31, 2016

What should be in a BPO? 75 Items that help determine the value of Real Estate


In my previous blog I discuss how ordering a BPO can help investors see a clearer picture of a property's value. This list of data fields show just how much a BPO is advanced over a free CMA.
Form data: Key ***Denotes drop down box, Red denotes adjustments


  1. Address
  2. Unit#
  3. City
  4. County
  5. State
  6. Zip
  7. Proximity*
  8. Subdivision
  9. Area name, condo project, subdivision, PUD or commonly known as
  10. Data source
  11. Current list date
  12. Current list price
  13. Original list date
  14. Original list price
  15. Sale price
  16. Sale date
  17. Concessions
  18. DOM
  19. Lot size cvt to acres
  20. Lot size adjust
  21. Site topography and useable site utility i.e. level 100% or sloped 50%
  22. Property type
  23. Property type adjustment
  24. Property style
  25. Property style adjustment
  26. HOA fee
  27. Construction
  28. Construction adjustment
  29. Quality of construction, Q1, Q2
  30. Condition, C1, C2
  31. View
  32. View adjustment
  33. No. of units
  34. No. of units adjustment
  35. Year built
  36. Year built adjustment
  37. Landscaping
  38. Landscaping adjustment
  39. Sf above grade
  40. Sf above grade adjustment
  41. Total rooms/Bed/Full bath/half bath
  42. Bedrooms adjustment
  43. Full baths adjustment
  44. Half baths adjustment
  45. Finished below grade
  46. Finished below grade adjustment
  47. %Basement finished
  48. Basement Sf
  49. Basement Sf adjustment
  50. Garage/Carport
  51. Leasehold or fee simple
  52. Leasehold adjustment
  53. Functional utility
  54. Heating/cooling
  55. Heating/cooling adjustment
  56. Energy efficient items
  57. Energy efficient items adjustment
  58. Pool/spa/fireplace/porches/patio/deck/fences, etc.
  59. Pool/spa/fireplace adjustment
  60. Location
  61. Location adjustment
  62. Superior/Inferior
  63. Estimated Value of adjustments
  64. Sale type
  65. Other features
  66. Price per sf
  67. Best sold/list
  68. Is REO?
  69. Net adjustment
  70. Net adjustment percentage %
  71. Gross adjustment
  72. Gross adjustment %
  73. MLS
  74. MLS PDF upload document
  75. Tax PDF upload document

 

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