Real estate appraisal

Real estate appraisal, home appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value).

Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, etc. Sometimes an appraisal report is also used to establish a sale price for a property. Factors like size of the property, condition, age, and location play a key role in the valuation.

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