Broker Opinion of Value Valuations
An Opinion of Value is a type of real estate appraisal that provides an estimate of the market value of a property. It is based on an assessment of various factors such as the location, physical characteristics, and current market conditions of the property, as well as an analysis of comparable properties that have recently sold in the same area. The goal of an Opinion of Value is to provide an estimate of what a property would be worth in an arms-length transaction between a buyer and seller in the open market.
An Opinion of Value is often used by real estate investors, developers, lenders, and others to make informed decisions about a property’s worth. It can also be used for estate planning, property tax appeals, and other purposes. The Opinion of Value is typically prepared by a qualified real estate appraiser who has the expertise and experience to assess the value of a property. The appraiser may use a variety of methods, including the market approach, cost approach, and income approach, to arrive at a value estimate for the property.
Maven Commercial Real Estate provides a comprehensive Broker Opinion of Value to assist in your buying & selling decisions, your borrowing efforts & your overall investment portfolio.
Contact your Maven Team to receive the most accurate BOV today!