Websites, with a computerized Immediate valuation,
are especially designed to attract clients to their brokers,
why should you rely on anyone who relies on a machine
that can provide incorrect/wrong price information??
you need a broker who stands on your side !!
10 FAQ
Aliyah
Q. What is Broker Price Opinion?
A. Broker price opinion (BPO) is the estimated value of a property as determined by a real
estate broker/agent. This is usually a documented report showing the procedure and conclusions.
Q. How is it different from the appraiser?
A. The appraiser's report will include details of what the bank or lender needs to know, the broker's report is intended to update the property owner or buyer at market prices.
Q. Will the price be the same?
A. Not necessarily, the appraiser will indicate if the house is worth (at least) loan price, the appraiser does not determine the market value or asking price, his job is to protect the lender actions.
Q. Can the price of a property vary overnight?
A. Yes, absolutely!! new bad neighbors can drastically affect your property value, a development projects, new city ordinance and ther are much more facts.This should be checked by the broker
Q. What is the real price of a property?
A. The exact price of the property is the price paid for it during its purchase In other words, selling price.
Q. Does the broker set only one price?
A. The broker comes to a conclusion about the market price, but can offer to a seller the asking price which most of the time will be different.
Q. what difference? even a robot can offer
A. The robot knows software, numbers, keyboards, the broker knows the market and the area.
Q. which source is most accurate
A. local M.L.S, all other sources are updated from it but not in real time
Q. What is the best way to determine a property’s value?
A. Running comps from local M.L.S is one of the best tools to determine a property’s value however, are only done by experienced realtors who knows the house from the inside, the area frpm the outside , the market from seller and buyer sides, city/state lows and regulations from all sides.
Q. If the robot is wrong in most cases, why are some sites using it
A. Lol, are you kidding? This is the mother of all questions, read Aliya's answer in the title
Q. Who buys a property
more than its value ?
Global tax laws allow foreign nationals to invest in the United States, and to receive full or partial long-term tax exemption, and for long-term consideration,and with the fact that many banks and financial institutions are willing to lend money to foreign residents on very favorable terms often leaves large profits in foreign investors' pockets. Motivates them to buy properties even at a price that exceeds the market price,
Our company ERA has over 16000 agents in various countries around the world, some of which are engaged in locating investors of the above type
If your property is suitable for this type of investment, more than anyone else in the world we will be able to interest a potential client immediately,
Domestic Market
In the domestic field, entrepreneurs, builders, and local investors will often pay more than the market value due to the potential to make a profit.This is our favorite Z team are leading experts in this field
Historic values
If the house belonged to a celebrity or has "historical value" some people, especially investors with money, would buy it more than the market value, here are some examples
The home of US President Rondell Reagan in Los Angeles
The house of Gems Bond
