BPO Instructions - AssetVal

Page 1 of 5 BPO Instructions Updated 7/19/ 2016 Please determine a fair market value/price (FMV) for the Subject As Is : Fair Market Value/Price means: The amount for which a property would be sold between a buyer and seller, neither of whom is under any obligation to buy or sell. A typical arms-length transaction. This is why we ask you to refrain from using Short sale comparables if possible. REO comps should be used only if they are the most comparable to subject s condition and there are no other fair market sales in similar condition. Short sales and REOs are distressed sales where one or both parties are under duress, and not typically motivated. If there are no FMV sales or listings in the Subject neighborhood, then one Short Sale and one Short Sale Listing are acceptable.

Jul 19, 2016 · Updated 7/19/2016 Please determine a fair market value/price (FMV) ... Please try to match Subject style: ranch to ranch, two story to two story, ranch basement to ranch basement, tri-level to tri-level. Differing styles typically have different buyers. Especially between ranch and any multi-level style.

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  2016, Ranch

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