Outcome
The BOV presents supported approach indications and a reviewed low, midpoint, and high opinion of value.
Navigation path
BOV wizard > Financial Scope > Valuation
Access
Broker Opinion of Value document access
On this page
Before you start
Data, sources, and access to prepare
- A BOV document
- NOI and cap-rate support when using income approach
- Sales-comparable research
- Approved opinion-of-value range
Understand the BOV approach structure
BOV reconciliation
Use supported approach indications to form the broker opinion range.
Financial Scope
Full Financials or Cap Rate & NOI
Income Approach
NOI divided by cap rate
Sales Comparison
Comparable range and counts
Opinion of Value
Low, midpoint, and high
Reconciliation
Explain weighting and judgment
- Financial ScopeIncome Approach
- Financial ScopeSales Comparison
- Income ApproachOpinion of Value
- Sales ComparisonOpinion of Value
- Opinion of ValueReconciliation
| Situation | Income Approach behavior |
|---|---|
| BOV with Cap Rate & NOI | Enter manual NOI and cap rate |
| BOV with Full Financials | NOI is locked to the financial summary when available |
| Land BOV | Income Approach is hidden; valuation still remains |
| Other BOV property types | Income, sales-comparison, and opinion fields are available as applicable |
Complete each supported approach
| Field | Requirement | What it means | Format | Units | Save behavior | Downstream effect |
|---|---|---|---|---|---|---|
| NOI and Cap Rate | Recommended | Inputs for income-approach indicated value. | Annual currency amount and positive percentage | Currency per year and percent | Editable valuation inputs autosave and must reach Saved; Full Financials can supply a locked NOI with no direct entry here. | Calculates the income-approach indication as NOI divided by cap rate when Income Approach is available. |
| Comparable Count and Ranges | Recommended | Number and observed value ranges supporting the sales comparison. | Whole-number count plus ordered low and high values | Comparable count and the displayed property-specific value units | Autosaves on the Valuation page; wait for the Saved state before continuing. | Provides the evidence summary shown in the BOV sales-comparison approach. |
| Land Price per Acre Range | Recommended | Land-specific sales-comparison range. | Ordered low and high currency values | Currency per acre | Autosaves on the Land BOV Valuation page; wait for the Saved state. | Supplies the Land sales-comparison range while the Income Approach remains hidden. |
| Cap Rate and Price per SF Ranges | Recommended | Non-land sales-comparison support. | Ordered percentage and currency ranges | Percent and currency per square foot | Autosaves on the applicable non-Land BOV Valuation page; wait for the Saved state. | Supplies the cap-rate and price-per-SF evidence ranges in the sales-comparison presentation. |
| Opinion Low, Mid, High | Recommended | Broker conclusion range. | Three currency amounts in ascending order | Currency | Autosaves on the Valuation page; verify all three values after Saved appears. | Sets the broker opinion range and midpoint presented in the BOV valuation output. |
| Reconciliation Notes | Recommended | Narrative explaining approach weighting and conclusion. | Plain text | Not applicable | Autosaves on the Valuation page; keep the page open until Saved appears. | Explains how the displayed approach evidence supports the final opinion without changing calculations. |
| Occupancy and Property Count | Optional | Optional headline facts with property-specific count label. | Percentage plus nonnegative whole number | Percent and property-specific units, rooms, or pads | Autosaves on the Valuation page; verify the Saved state before continuing. | Adds the applicable occupancy and count facts to the BOV valuation presentation. |
Required means the field is needed to complete or support this workflow. Some screens allow a draft to save before every required item is complete. The steps and troubleshooting call out controls the product actively blocks.
Build and reconcile the valuation
BOV valuation steps
- 1
Choose BOV scope
BOV Financial Scope
Select Cap Rate & NOI for a concise valuation or Full Financials for a model-backed NOI.
Expected result: Valuation and any detailed financial steps appear.
If this does not happen: BOV does not offer Rent Roll Only or Skip in the standard scope chooser.
- 2
Complete Income Approach
Valuation, Income Approach
Enter supported NOI and cap rate, or review the locked NOI supplied by Full Financials.
Expected result: The indicated value calculates.
If this does not happen: If Full Financials NOI is wrong, correct the source rent roll or statement rather than the locked field.
- 3
Complete Sales Comparison
Valuation, Sales Comparison
Enter comparable counts and the displayed property-specific ranges.
Expected result: The BOV records the sales-comparison evidence.
If this does not happen: Return to Sales Comparables if the research set itself is incomplete.
- 4
Enter the opinion range
Valuation, Opinion of Value
Enter low, midpoint, and high values in ascending order.
Expected result: The broker conclusion is visible.
If this does not happen: The UI does not enforce ordering, so compare all three values manually.
- 5
Write reconciliation notes
Valuation, Reconciliation
Explain which approaches received weight and why the midpoint was selected.
Expected result: A reader can follow the judgment from evidence to conclusion.
If this does not happen: State data limitations instead of creating unsupported precision.
- 6
Wait for the valuation save
Valuation
Pause until the wizard save status shows Saved.
Expected result: The latest valuation inputs are persisted.
If this does not happen: Keep the page open until saving completes.
- 7
Continue from valuation
Valuation page footer
Select Continue.
Expected result: The wizard advances to the next applicable section.
If this does not happen: Retry after the saved state appears if navigation is blocked.
- 8
Open the final valuation page
Wizard navigation
Open Review & Customize.
Expected result: The assembled BOV contains the saved approach indications and opinion range.
If this does not happen: Return to Valuation for any mismatch.
Apply a manual valuation review
Income Approach is missing
Likely cause: The BOV property type is Land.
- Use Land sales-comparison support.
- Complete the opinion range and reconciliation without an income approach.
NOI cannot be edited
Likely cause: Full Financials locks BOV NOI to the saved financial summary when available.
- Reconcile the rent roll and income statement.
- Correct the underlying values.
- Return to Valuation.
Low, midpoint, and high are out of order
Likely cause: Current save behavior does not enforce range ordering.
- Verify low is less than or equal to midpoint.
- Verify midpoint is less than or equal to high.
- Correct the fields before publication.
BOV approved
- Every displayed approach has support
- Income indication math is checked
- Comparable ranges tie to research
- Opinion range is ordered
- Reconciliation explains weighting
- Final page matches the approved conclusion
Related guides
Use the Cap Rate & NOI quick path
Enter one known metric with the property selling price and let CREBuilder derive the other headline valuation metric.
Open guideAdd and organize sales comparables
Enter comparable sales and active listings, add photos, control display order, and verify property-specific summary metrics.
Open guideVerify financial pages before publishing
Confirm scope-based page inclusion, property-specific exceptions, calculations, footnotes, and final document presentation.
Open guide