Are you looking for a Broker Price Opinion or an Appraisal:

A Broker Price Opinion (BPO) is a property valuation report prepared by a real estate agent, broker, or other qualified individuals. A BPO is used by lenders, mortgage companies, and other financial institutions to estimate the market value of a property for various purposes, such as loan underwriting, refinancing, or foreclosure proceedings.

A BPO is similar to an appraisal in estimating the property's value. Still, there are some critical differences between the two.

Here are a few of the main differences:

  1. Purpose: A BPO is typically used for internal purposes by lenders or other financial institutions. In contrast, government agencies or other third parties often require an appraisal to determine a property's fair market value.

  2. Methodology: A BPO is generally less formal and less rigorous than an appraisal. The broker or agent who prepares the BPO typically uses their knowledge of the local real estate market and recent sales data to estimate the property's value. At the same time, an appraiser follows a more formal process that involves a detailed inspection of the property, analysis of market data, and application of various valuation methods.

  3. Cost: A BPO is generally less expensive (sometimes free) than an appraisal since it requires less preparation time and effort.

  4. Liability: An appraiser is held to a higher liability standard than a broker or agent who prepares a BPO. If a lender or other party relies on an appraisal that turns out to be inaccurate, the appraiser could be held liable for any resulting damages. In contrast, a broker or agent who prepares a BPO is generally held to a different level of liability.

  5. Overall, a BPO can be a valuable tool for lenders and other financial institutions to estimate the value of a property. Still, it is crucial to understand its limitations compared to a formal appraisal. Suppose you need a more detailed and rigorous estimate of a property's value. In that case, a formal appraisal is likely the better choice.

Welcome to The Bergamini Group Home Appraisal Services

At The Bergamini Group, we specialize in providing referrals to high-quality home appraisal services for homeowners.

The referral partners of experienced local appraisers are committed to providing accurate and timely valuations of residential properties in Prescott and greater Yavapia County areas.

They offer a range of home appraisal services to meet your needs, including:

Full Market and sales Appraisals

Full appraisals comprehensively evaluate your home's value, considering factors such as location, size, condition, and recent sales of comparable properties in the area.

Desk Reviews

If you're looking for a more cost-effective option, our desk reviews provide an analysis of your property based on data and information provided to us without a physical inspection of your home.

Field Reviews

Our field reviews involve a physical inspection of your home to verify its condition and other relevant details and are ideal for a more detailed evaluation.

Our Process

At The Bergamini group, we pride ourselves on our thorough and professional approach to referrals for home appraisals.

Our process typically involves:

  1. Gathering all relevant information about the owner and the property to be appraised

  2. Evaluating your needs

  3. Reaching out to our appraisal partners

  1. They will schedule an appointment at a time that works for you

  2. They will conduct a thorough inspection of your home (if applicable)

  3. They will be analyzing local market data and recent sales of comparable properties

  4. They will then prepare a detailed report of the findings

  5. They will then reach out to you to review the report with you and answer any questions you may have

Why Choose Us?

When you choose The Bergamini Group for your home appraisal needs, you can expect:

  • Local and accurate, and reliable valuations

  • Prompt and professional service

  • Expertise in local real estate markets

  • Competitive pricing

Contact Us

Suppose you're ready to schedule a home appraisal or professional BPO. If you have any questions about our services, please don't hesitate to let us know. We look forward to working with you!