What do these terms mean?

[thecodemeist3r]

Hey guys, what does these terms mean:

BEO
Capital Value?

[thecodemeist3r]

And whats BBO?

[eri]

in what context?

capital value in terms of nz real estate is generally a house/units approximate value as calculated by a city for the purpose of levying rates

Valuation

Current capital value

$260,000

from the auckland city rates page

Is an assessment of the probable price that would have been paid, including land and buildings, for the property if it had been sold on 1 July 2005. It is not the market value for a property.
The capital value does not include chattels which will need to be added on when estimating an appropriate sale price.


(and it should probably say july 2008, not 2005)

http://www.aucklandcity.govt.nz/council/services/calculator/terms.asp#Capital

[thecodemeist3r]

I am seeing these acronyms on real estate websites, I have no idea what they mean..

[eri]

.......link.........

[Davo36]

Buyer enquiry over?
Dunno about BBO.

[revdev]

BEO = Buyer Enquiry Over
BBO = Buyer Budget Over

Same meat, different gravy...

[Blind Egg]

So if you offer $1 over the BBO or BEO price it should sell.
Thats if I'm not mistaken.

[Kerry Christian]

What are you trying to do

If you want facts - ask for the facts - if you get stuff that does not make sense - ask again!!

[WGN ex-property manager]

BEO and BBO are an indication of what the agent believes the vendor will accept. They are generally supposed to be within 5%.

Given that most vendors are optimistic in their price expectations then I generally consider then a maximum price, rather than a minimum.

If a property really really works for you, and you offer the BBO/BEO price, and they counter, then just forget it.

[Perry]

Bring your Best Offer?
.

[Stevegoodey]

Big Bad Offer
Bad Economy Offer

[SwissKiwi]

BEO = Buyer Enquiry Over
BBO = Buyer Budget Over

I'd have thought it was difficult enough for agents to make a buck these days without confusing buyers with new 'agentspeak'!