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.