I will start today BOV training this will be the first training, and it will cover the Federation approach using market compression on the market approach. I will explain to you, but broken opinion of value be your fee sometimes is referred to as best guess based on market data. And Eliza's in this training agenda I will explain my presentation by divided into three main oil first is the concept and basic principle of valuation second is solution process data collection and site visit, and third is the BOV report not only explain how the failure is calculated, but we need to know the basic and principal evaluation itself. One thing that we need to bear in mind that govt is an opinion is our opinion as consultant based on our analysis and knowledge so Nov is not what seller buyer or any party asked to write on the BO Fur report and also for formal Felicia report must be conducted by professional public registered failure or catchy people in Indonesia. They will take many more step and data which is strict to the guidelines while the BO fee is more simple and not to detail, so we need to inform our client to use registered federal for formal valuation report. Value is an opinion of the economic benefits of opening an asset or the most probable price to be paid for an asset in an exchange therefore value is not a fact transacted price is affect cost to build is a fact, but failure is opinion for example when we're following property everyone can have a different opinion based on professional judgment and knowledge we need to understand the difference between price cost and value, so we don't get mixed with that. Price is a term used for...
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About Broker Opinion Of Value Template
Broker Opinion of Value Template is a document that summarizes a commercial real estate broker's opinion of the market value of a particular property. It is a report that is designed to provide property owners, investors, lenders, potential buyers, and other interested parties with a comprehensive analysis of a property's current and future value. The template typically includes a detailed description of the property, such as its location, size, and condition. It also involves an analysis of current market trends in the real estate market such as the demand and supply of properties within the property's location, and the recent transactions of similar properties in the area. Finally, the analysis presents the broker's conclusion on the property's value. A broker opinion of value template is particularly crucial when it comes to commercial real estate transactions, such as sales, acquisitions, and refinancing. It helps various parties to have a clear idea of the value of the property to make informed decisions. In addition, it plays a vital role in legal proceedings, such as property tax appeals and litigation cases. In summary, a broker opinion of value template is an essential document for property investors, owners, lenders, buyers, and other professionals in the commercial real estate industry that require a reliable analysis of a property's value.
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