What Is A Broker's Price Opinion
A broker's price opinion - sometimes shorthanded a BPO - is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. A broker's price opinion is popularly used in situations where a financial institution believes the expense and delay of an appraisal is unnecessary.
Barnett & Hill Delivers Broker's Price Opinions
In the last year, Barnett & Hill agent Brandon Heard devised 252 broker's price opinions for regional banks. Of this count, 83 were for commercial properties, 125 were drafted for residential properties, and 44 valuation opinions were delivered for ranch and residential land.
Since he began offering broker's price opinions, Heard has been a popular choice with area banks. He provides prompt valuations and, often, Heard will respond with an executed broker's price opinion in 48-72 hours. Occasionally, he has delivered an opinion in 24 hours if speed is crucial to underwriting. His familiarity with recent transactions and his concise assessments yields a document that benefits lenders that require support as they underwrite loans.
Brandon Heard developed his interest in real estate as an undergraduate at Hardin-Simmons University. He balanced work, his academic schedule as an economics and marketing major, and his four-year commitment as a member of the HSU Men's Golf team to earn his real estate license in the fall of 2014.
In spring 2015, Brandon graduated from HSU a BBA in economics and marketing from Hardin-Simmons University and works full-time as a real estate agent for Barnett & Hill. Additionally, Brandon is responsible for overseeing the operations of our property management division.
Brandon routinely provides broker price opinions to Abilene area banks. He has become a preferred choice by local lenders due to his command of data on commercial and residential transactions coupled with his professional and prompt response to valuation requests by banks. He can be contacted via email or by phone at 214-236-2784.
Construction and real estate defines Conner’s background. His uncle is president and his father is vice-president of the Hallgren Company. This commercial contractor has overseen multiple construction projects at Covenant Hospital and Texas Tech University. Framing real estate and development through this lens was part of Conner’s motivation to earn his real estate license in the spring of 2018.
Conner attended Hardin-Simmons University and was a four-year member of the Hardin-Simmons Cowboys men’s football team. He graduated in the spring of 2016 with a BBA in Finance and Economics. Following graduation, he worked in sales, finance, and insurance for Blake Fulenwider Chrysler Dodge Jeep dealerships in west Texas. This experience makes him an able salesman with attention to customer service and a unique perspective when marketing real estate.
Conner works full-time as a real estate agent for Barnett & Hill. His emphasis is property in Dallas, Tarrant, and Ellis counties and executes broker’s price opinions to DFW-area banks. He can be contacted via email or by phone at 806-928-8884.
Real estate permeates Colton’s background. Colton’s family owns Peacock’s Feed and Supply in Weatherford, Texas which gives him a rural perspective on real estate. His mother has a multi-decade career as a landman executing title work for oil companies. As a result, it was a natural for him to earn his real estate license in the spring of 2018.
Colton attended Hardin-Simmons University and was a four-year member of the Hardin-Simmons Cowboys men’s baseball team. He graduated in the spring of 2016 with a BBA in Finance. Following graduation, he worked as a public insurance adjuster which gives him added insights when evaluating real estate.
Colton works full-time as a real estate agent for Barnett & Hill. His emphasis is Tarrant County and Parker County properties. Colton also provides broker’s price opinions to DFW-area banks. He can be contacted via email or by phone at 817-694-9984.