A broker opinion of value (BOV) is also known as a broker price opinion (BPO). These commercial real estate marketing tools represent an opportunity to provide your clients with in-depth analysis and actionable intelligence about a property.
Solutions for Commercial Real Estate
Broker Opinion of Value
Your opinion matters, make it look good for a greater impact. Whether you’re assessing a single property or an entire portfolio, clients are relying on your opinion and knowledge of the market. This is your opportunity to build trust and make a great impression—we can help.
When presenting your broker opinion of value to your client, it should analyze the property compared to the market, but it should also make a great impression. Income and sales analyses, financing studies, tax information, and neighborhood profiles can be overwhelming to the reader. Presenting information in an easily digestible fashion is imperative.
While the broker opinion of value is typically an informal approach to value, the output can vary widely depending on who prepares the document. With decades of combined experience that includes helping commercial real estate firms of all kinds, BTS Brands has successfully produced hundreds of these documents. Using our informed, hands-on approach, we work with clients to ensure that investors easily find everything they need in a BOV, including:
A Few Key Points
Property Overview: A description and definition of the property and an assessment of the value compared to similar properties in the region.
Condition: Have appropriate adjustments for property condition been made when compared to comparable properties?
Market Analysis: An assessment of the environmental factors that contribute to property valuation.
Comparable property assessment: We ensure that similar properties on a per-unit and per-square-foot basis have been considered and that it’s clear how they relate to the property being valued.
Final Value: Based on all of the variables considered by the broker, is there a clear path to the final value of the property? Do market data support it?