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Brokers Price Opinion
Jackson Real Estate & Auction has been selling and consulting in the real estate and auction business for more than 25 years. Quite honestly we have trained most of our competition. Our dedication to the industry is what has made us successful. We are leaders in our field. Jackson Real Estate and Auction are members of 5 Multiple Listing Systems know as MLS. Our MLS areas are Chattanooga, Lakeway, Great Smoky Mountain, Tennessee / Virginia, and Knoxville.
We represent the counties of Jefferson, Hamblen, Sevier, Cocke, Grainger, Union, Knox, Blount and Greene as well as the cities of Knoxville, Sevierville, Pigeon Forge, Gatlinburg, Newport, Morristown, Jefferson City, Talbott, Dandridge, Kodak, Rutledge, New Market, Strawberry Plains, Alcoa, Seymour, Greenville, Tri Cities, Johnson City, Carter, Halls, Oak Ridge, Farragut, Karns, Powell, Manardville, and Luttrell just to name a few.
We are members of the National Association of Realtors, the National Auctioneers Association, the Tennessee Auctioneers Association as well as several area Chamber of Commerces. We adhere to several national code of ethic protocals. We are here for you.
What is a BPO?
A Broker's Price Opinion (BPO) is the estimated value of a piece of property as determined by a licensed real estate broker. A BPO is based on the specifics of the property being considered. Some of the factors that a broker will consider when pricing a property include the value of similar surrounding properties, sales trends in the neighborhood, an estimate of any of the costs associated with getting the property ready for sale and the cost of any needed repairs. A BPO is a brokers opinion of the properties fair market value to be sold within a reasonable amount of time under the current physical and economic conditions presented.
What is an REO?
Real Estate Owned (REO) property is foreclosure property repossessed by banks or lenders. If a lender or bank takes back property for resale it is referred to as REO. REOs are bank or lender owned properties. (Real Estate Owned) Jackson Real Estate & Auction has the tools and contacts to move your REO properties. We are licensed and insured real estate brokers and auctioneers with a large client list of more than 13,000 prospects at our fingertips. We have the areas largest email network and employ a national company, Constant Contact, to manage our email. We have a fulltime IT (Information and Technology) department dedicated to serving our clients as well as a host of fulltime employees and agents. Our service is unmatched.
Jackson Real Estate & Auction, 862 Hwy 92 S, Dandridge, TN 37725 - Firm #2789