How Do You Create a Broker’s Opinion of Value NYC AREA
What software/program do you use to gather data, analyze and create a BOV?
[{"id": "iz7vzmu", "text": "You use a broker.", "replies": [], "depth": 1}, {"id": "iz7xxto", "text": "Gather data from property owner\n\nAnalyze data in excel\n\nCreate BOV in InDesign or PowerPoint", "replies": [], "depth": 1}, {"id": "iz81wwd", "text": "Costar  underwriting report", "replies": [], "depth": 1}, {"id": "iz9eh97", "text": "Hopefully you are not a new broker!!! And the shop isn\u2019t training you.  Google cbre offering memorandum file type: pdf.  You will stumble across some examples.", "replies": [], "depth": 1}, {"id": "iz9kpt6", "text": "Stand outside the property lick the top of your thump hold it up at arms length, close one eye and look at the property with the open eye with the extended wet thumb in the center of your field of view covering the property. Rock your thumb back and forth and say \u201cehhhhh that\u2019s a ______ cap\u201d or \u201cehhh that\u2019s worth $_______\u201d both the cap rate and price must value out to a price that would be high six months ago but makes absolutely no sense with current interest rates.", "replies": [{"id": "izakqdd", "text": "My dealings with most big firms that produce offering memos is exactly like that.  \n\nThe problem today is most brokers have no idea to even calculate a capitalization rate based on mortgage interest terms.  But, when the cap rate is less than the mortgage rate by 200 points, one has to wonder about sanity.", "replies": [], "depth": 2}], "depth": 1}, {"id": "izafk40", "text": "Slap a 3 cap on everything. Done.", "replies": [{"id": "izbuzz1", "text": "The Marcus Millichap Covid method.", "replies": [], "depth": 2}], "depth": 1}]