Broker Opinion of Value
Understand your property’s market position.
A BOV supports a brokerage discussion about pricing, positioning, and the next property decision.
What to discuss
Clarify the decision the opinion will support and the information available for review.
- Potential sale or leasing strategy.
- Current occupancy, condition, and operating information.
- Market evidence, limitations, and outstanding questions.
What a BOV is
A Broker Opinion of Value is not an appraisal. Confirm the appropriate scope before using an opinion for financing, litigation, tax, or another purpose requiring a formal appraisal.
The starting point
- 1. Identify the purposeProperty address, ownership, and the decision at hand.
- 2. Collect the informationLeases, operating records, property documents, and known issues.
- 3. Review the positionSupported brokerage guidance and its limitations.