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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Window having both screens and storm windows that can be easily interchanged according to seasonal needs. ...
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Records maintained as evidence of ownership of the home and any of its contents. ...
The age at which one is legally capable of entering into binding contracts, signing a deed and negotiating business agreements. In most states this is the age of majority. Normally this is ...
Something that is hidden or overlooked and may be realized at a later time. For example, an individual's name is improperly spelled on a title deed, and the oversight is not noticed until ...
Property boundary demarcated by the curb. ...
A method widely used for evaluating real estate projects. Under the net present value method, the present value (PV) of all cash inflows from the project is compared against the initial ...
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