by Jon Griffith
Short Sales
A short sale is not a bargain by default. Sometimes a lender will accept an amount below the Broker Price Opinion which could equal savings over the long term, in a market that’s increasing in value, obviously. If the market prices are still on the decline (more supply than demand), then buying a bargain below [...]
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by Jon Griffith
Short Sales
The BPO is the Broker Price Opinion. It’s an opinion of the value of a home by a licensed real estate agent, not by a certified appraiser. Before any home goes on the market, your real estate agent will conduct a Market Analysis of your home, neighborhood and neighboring sub-divisions. He or she will recommend [...]
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