In this episode, we break down Broker’s Opinions of Value (BOVs)—a fast, affordable way to gauge commercial property value. Learn how licensed brokers use market analysis and comparable sales to create BOVs, and discover how they differ from formal appraisals in cost, methodology, and legal standing.
Key Topics Covered:
What’s a BOV? Purpose, process, and key components of the report.
Valuation Methods: How brokers determine value (and when to use a BOV vs. appraisal).
Strategic Uses: Setting listing prices, guiding investments, and strengthening negotiations.
Limitations: Understanding when a BOV isn’t enough.
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