What is an Opinion of Value? Sharon explains.
/Sometimes, before someone lists a property with me, they need to get a sense of the appropriate range of potential values for their property without going through a formal, extensive appraisal process with a Certified Residential Appraiser.
As a Realtor® and Broker, I can provide an Opinion of Value, which is a review of sales and property data for similar properties in your area. As part of the Realtor® Code of Conduct, we are prohibited from providing Opinion of Value on properties in which we have financial interests, where we lack the appropriate technical skills and the fee charged for the OPV has nothing to do with the actual value of the property.
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