At Ren Management, we provide a complimentary Broker Opinion of Value for your site regardless of its location in New York. Additionally, we can offer rental rates for competitor sites in select areas of New York.
To conduct a comprehensive BOV, we require various financial and management reports, including:
Obtaining a Broker Opinion of Value (BOV) typically initiates the property evaluation process. Unlike an appraisal under the Uniform Standards of Professional Appraisal Practice, a BOV estimates a property’s sale price. It offers owners an accurate insight into their property’s market value, considering its historical performance over the preceding 12 months, known as the “Trailing-12”. At Ren Management, we not only assess historic numbers but also project potential valuations using market rates and adjusted expenses.
Get in touch with Ren Management today to kickstart your obligation-free evaluation.
