CERTIFIED APPRAISAL OR BROKER PRICE OPINION?
Certified Appraisal VS. Broker Price Opinion
A common question when it comes to valuing a real estate asset is what type of value do I need? It is a common misconception that an appraisal and a broker price opinion, also known as a market analysis, are the same thing. These terms are sometimes used interchangeably, and while they do have a lot of similarities, they are both very different.
Broker Price Opinion (a.k.a. Market Analysis)
Preparer: Real Estate Broker
Common Uses: Estimate the value of a real estate asset for a real estate sale or set a listing price on a property.
Characteristics: Some characteristics of a Broker Price Opinion are that a range of values is concluded, normally only a simplified sales comparison approach is used, and the report is normally only a few pages.
Pros: There are many pros to this form of opinion of value. Normally a market analysis is…
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IN YOUR AREA
Live in the Midwest? We serve Nebraska, Iowa, and Kansas. This month we have conducted appraisals in:
Nebraska: Thurston, Burt, Dakota, Colfax
Iowa: Kossuth, Polk, Sioux, Harrison
Kansas: Leavenworth
FEATURED LISTING
Dryland Cropland in Saunders County, Nebraska
Nice dryland cropland tract with Class II & IV soils. Tiling and terraces in place to help erosion control. Access is available from the north via gravel Main Road & from the south via MM County Road B.
Legal Description: W2NW4SW4 & W2SE4SW4 & SW4SW4 in Section 19-13N-6E of the 6th P.M. in Saunders County, Nebraska. (Parcel ID #000785500)
Total Acres: 82.04 +/-
2022 Real Estate Taxes: $4,440.64
Property Type: Dryland Cropland
Location: 1.5 Miles East of Valparaiso, Nebraska
Mineral Rights: All mineral interest the seller owns, if any, will be conveyed to the buyer(s).
Possession: Full possession will be given at the date of closing agreed to by the parties, subject to an oral lease agreement that terminates on February 29, 2024 (Lease termination notice has been given prior to September 1, 2023).
The property is being sold in AS-IS condition.
TESTIMONIAL
