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I wouldn't worry about the carfax as anyone that is concerned enough to review a carfax report is going to be able to tell that you had the bumper repainted. Most dealers that are accepting trades are not concerned about bumpers that are repainted as many cars need it due to rock chips after 3 or 4 years. I think that even most private party buyers understand that minor damage occurs.
The price seems close to the $800 - $1,000 that I have paid over the years for full bumper refinishing. You might consider getting a quote from a BMW certified body shop in your area. If I was going to buy your car in the future I would want to know that you went to one. Unfortunately, it looks like BMW of Mt Laurel might be the closest certified body shop to you.
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