Blue Dot offers comprehensive interior and exterior BPO services. Our detailed reports provide our clients with the most accurate property information from the very beginning, providing you the highest quality Broker Price Opinions (BPOs) available.
Why Blue Dot BPO Services?
- 48 Hour Turn Times
- Accurate Reports Completed to NABPOP Standards
- Extended Rural, Suburban, and Urban Coverage Areas
- Single Family, Multi Family and Vacant Land Valuations
- Our professional designations include HUD Selling Agent Designation, Accredited-REO, Certified Community Stabilization Expert, Certified Default Professional, Five Star Certified, VRM University, Advanced Valuations through Default School, Ethical Real Estate – The NAR Code, Certified Real Estate Pricing Specialist, Certified Distress Sale Expert, USA Cares Military Housing Education Program, and C-Reps.
Contact us via our website, or call 800-915-1506
NABPOP
Our completely transparent BPO report is the product of a tightly managed compliance process. Blue Dot Real Estate’s dedicated in-house Agent Team, as industry experts and professionals, adhere to a set of standards and guidelines from the Broker Price Opinion Standards and Guidelines to better ensure BPO consistency and quality industry-wide.
Sample BPO Comments:
Market Condition
The subject area has been improving over the last twelve months: Sales prices +10 % Inventory -30%, and total sales +14%. Subject area is not REO driven at this time; currently 3/56 active REO and 5/77 REO sales over the last 6 months within 3 mile of subject.Subject Positive / Negative Influences
The subject conforms to the neighborhood in terms of age, type, design and building materials used for construction. There is no evident signs of current market resistance with the neighborhood or with the requirements of the competitive market based on the subjects adequacy of plumbing, heating, electrical services, design, quality, and size. Current condition is below average.Comments for Comparable Most Similar To Subject:
Most similar overall, the closest to the subject and needed the fewest adjustments.
Support Opinion of Price:
The 3 comparable sold properties selected for this report are considered to be the most comparable and the best indicator of the subject market value. The most consideration was given to sold comp. #1 because it was the most similar, the closest to the subject and needed the fewest adjustments.In a 1 mile search, and going back 6 months, there were a total of 53 listed comps, and a total of 104 sold comps. Of the listed comps, 12 active properties were deemed comparable, of which 7 are currently under contract with an under contract DOM of 24 days and median price of $229,957. The three best list comps were chosen for this report.
Of the sold comps, 17 SFR units were deemed comparable with an average DOM of 21 days, average LP/SP is 99%, average price per square foot is $197.00, and the medium sales price of $239,000. The three best sold comps were chosen for this report.
BPO Standards and Guidelines
OUR ROAD-MAP to consistent, high-quality reports
Long known for providing the industry’s highest quality Broker Price Opinions (BPOs), Blue Dot has participated with other BPO industry leaders, experts and real estate professionals to develop a set of standards and guidelines to better ensure BPO consistency and quality industry-wide.
The BPO Standards and Guidelines (BPOSG) are composed of “must follow” standards, and widely accepted guidelines that allow for flexibility in application. They don’t replace customer specifications, but do safeguard consistency and high quality by setting clear expectations for the professionals completing BPOs.
The BPOSG establish expectations for:
- Ethical conduct and competency
- Photo requirements and guidelines
- Comparable selection and use
- Definitions and applicability of market, property and neighborhood terms