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Get a Broker Opinion of Value for your property

Get an accurate value for your property

What is a Broker Opinion of Value?

A BOV is a customized report produced by Vantage Commercial for a specific property that utilizes market comparable data and brokers market experience to value the property using multiple valuation methodologies to provide a property valuation summary.

Why do you need a Broker Opinion of Value (BOV)?

Different stakeholders have different reasons for the Broker Opinion of Value. Ultimately, a BOV allows the recipient to have market insights to best enable the stakeholder to make an informed decision.

Who can benefit from a Broker Opinion of Value (BOV)?

  • Buyers (prior to negotiations)
  • Sellers (prior to listing)
  • CPAs
  • Lenders
  • Financial Advisors
  • Attorneys

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Frequently Asked Questions

What is the price for a BOV?

A BOV is priced based on the project but will cost less than an appraisal  (call us for details).

What methodologies do you use?

Income approach, market approach, opinion of market conditions and others can be used.

Can I use this for a tax appeal?

A BOV can be used as supporting document or to justify an appeal.

What is the price for a BOV?

This depends on the project in particular. Most projects will take 1-3 weeks.

For what can a BOV be used?

A Broker Opinion of value is used by commercial real estate investors, property owners, lenders, banks, CPA’s, real estate attorneys, receivers and others to determine the current value of the property/asset.

Is a BOV the same thing as a BPO (Broker Price Opinion)?

No it is not. A BOV is researched and prepared by a commercial real estate professional/broker while an Appraisal is performed by a licensed appraiser. A Broker Opinion of value is the brokers opinion of value based on market comparable leases, comparable sales and their own knowledge of market conditions.

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