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Updated almost 3 years ago,
What does a broker opinion of value (BOV) look like?
I was listening to the CRE Fast Five podcast and heard that it's a good idea to get a broker opinion of value every year.
Is that really true? Do you get one from multiple brokers?
Most importantly what do they look like? Is it just a comp report from CoStar?
I have a strip center in Texas we are thinking about and wonder if this is a typical first step to feel out good broker candidates.
Thanks for the thoughts!