Real Estate Valuation

Definition of "Real estate valuation"

Lisa Smith real estate agent
Lisa Smith, Real Estate Agent Pearson Smith Realty, LLC

Same as term appraisal: Valuation assessment of real property by an expert third party for the following purposes:

  1. developing a realistic market price.
  2. setting a market value at the time of death when probating an estate.
  3. dividing the value of real estate between the property and structural improvements.
  4. establishing insurable value.

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