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A broker price opinion, or BPO, is an estimate of a property’s value conducted by a real estate broker, agent or qualified realty firm. The real estate professional will consider comparable ...
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
The state of Illinois has the second highest rate of real estate tax: 2.31%, which is second only to New Jersey at 2.44%. [189] Toll roads are a de facto user tax on the citizens and visitors to the state of Illinois. Illinois ranks seventh out of the 11 states with the most miles of toll roads, at 282.1 miles.
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the ...
Broker's price opinion. A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA ( Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a ...
The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
Real Estate performing in 2018. Real Estate is an American indie rock band from Ridgewood, New Jersey, United States, formed in 2008. The band is currently based in Brooklyn, New York, [ 1][ 2] and consists of Martin Courtney (vocals, guitar), Alex Bleeker (bass, vocals), Matt Kallman (keyboards), Julian Lynch (guitar), and Sammi Niss (drums).
Average home value: $272,144. Average monthly expenditures: $2,074. Average monthly mortgage payments: $1,611. Average monthly rent: $1,646. Homeowner monthly cost of living: $3,686. Renter ...
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