Broker’s Opinion of Value<\/a> over an appraisal.<\/p>\n\n\n\nCan you provide an example of how a BOV is formatted for commercial real estate?<\/h3>\n\n\n\n
For commercial real estate, a BOV typically begins with an introduction to the subject property, followed by a market analysis, comparables valuation, and any financial analysis associated with the property. A summary of these sections leads to the broker’s estimate of value, presented in a coherent and professional format.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the world of real estate, there’s a critical tool used by industry professionals that supports transaction decision-making\u2014a Broker’s Opinion of Value, commonly abbreviated as BOV. This assessment provides an estimate of a property’s market value. While not as formal as an appraisal carried out by a certified appraiser, BOVs serve an important role, especially … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts\/2951"}],"collection":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/comments?post=2951"}],"version-history":[{"count":2,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts\/2951\/revisions"}],"predecessor-version":[{"id":3441,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts\/2951\/revisions\/3441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/media\/3424"}],"wp:attachment":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/media?parent=2951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/categories?post=2951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/tags?post=2951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}