Real Estate Valuation
Definition of "Real estate valuation"
Same as term appraisal: Valuation assessment of real property by an expert third party for the following purposes:
- developing a realistic market price.
- setting a market value at the time of death when probating an estate.
- dividing the value of real estate between the property and structural improvements.
- establishing insurable value.
Popular Real Estate Terms
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The third-party definition refers to an individual or entity in a transaction but is not the buyer or the seller. Usually, a third party has some role in the transaction. They do not have ...
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