The FARE Group utilizes extensive experience and strong instincts in providing property valuations to prospective sellers, investors, lenders and asset managers, along with its extensive data base of over 22,000 listings to help calculate your property’s value.We provide two forms of property valuations:
1. Comparative Market Analysis (CMA): For prospective sellers, we provide a complimentary comparative market analysis to help them determine the parameters in which they may sell their property.
2. Broker Price Opinion (BPO)*: For investments, foreclosure, divorce, bankruptcy or other proceedings where real property is involved, we may provide a broker price opinion for a fee which consists of a formal 2-3 page report. What’s your property really worth? Complete the forms below or contact The FARE Group to find out! Comparative Market Analysis (CMA) A Comparative Market Analysis (CMA) is an estimate of a property’s value compared with comparable properties sold in the area within the last 6-12 month period. CMAs differ from appraisals in that CMAs are not performed by a licensed appraiser and that comparable properties currently on the market may also be taken into consideration. Broker Price Opinions (BPO)* A Broker Price Opinion (BPO) is an essential valuation alternative to an appraisal designed for individuals and entities currently pursuing a divorce, bankruptcy, home equity line of credit, mortgage refinance, debt collection, etc. Our licensed real estate professionals know the local market trends and will produce a detailed observation of the property’s value as compared with like properties which have been sold in the area within the last 6-12 month period. * A "Broker Price Opinion" is not a legally defined term, as is "Appraisal" and "Comparative Market Analysis”. When a fee is charged for a BPO, it will either be considered an Appraisal or a CMA. For the purposes of the services provided herein, the term BPO is determined to be a CMA, provided for the purpose of determining the estimated market price and/or asking/offering price for a property for the client, owner, seller or buyer, and falls within the scope of permitted activity for a real estate licensee.