Real Estate Broker Opinion of Value BOV

About

In commercial real estate (CRE), a Broker Opinion of Value (BOV) - often referred to as a Broker Price Opinion (BPO)—is used to estimate the value of a specific commercial property. CRE brokers gather a bevy of information about the property and the market in which it is located. BOVs/BPOs are used by many CRE professionals, including investors, property owners, lenders, CPAs and real estate attorneys. For example, property owners seeking to determine a fair market rental price for a lease arrangement often rely on a broker's opinion of value to determine a reasonable rental rate. Owners or prospective purchasers lean on a broker’s opinion of value to decide a suggested listing or purchase price.

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