Why Your Apartment Appraisal And BOV Disagree

Glen Kangas, The Cold Hearted Appraiser, and Kiran Dhillon, Multifamily Apartment Broker,  break down why a date of death appraisal and a broker opinion of value can land on different numbers for the same apartment building. We walk through taxes, timing, rent rules, and buyer math so fiduciaries, heirs, and attorneys can make cleaner decisions without getting stuck on the wrong benchmark.\n\n• date of death appraisals as a tax and legal snapshot for step-up basis\n• why it can be a win when the date of death value is higher than today’s market\n• the danger of anchoring to an old number when markets move\n• how a BOV prices for today based on what buyers will actually pay\n• buyer-side changes that hit value including reassessed property taxes and financing\n• multifamily versus single-family market cycles and why they diverge\n• incomplete rent and expense data and how estimating creates variance\n• below-market rents, deferred maintenance, and rising insurance costs\n• statewide and local rent control plus tenant rights effects on pricing\n• Prop 19 reassessment pressure and why it can force sales\n• probate referee limitations and why “drive-by” multifamily values can be off\n• when an appraisal is worth paying for versus when a BOV is enoughVlog: https://gaappraisalsinc.com/vlog/Website: https://gaappraisalsinc.com/