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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Regional area from which a particular product or service can expect its greatest demand. For example, a retail department store expects to attract shoppers from a market area having a ...
Bottom of a frame such as a window sill. ...
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Spread between girders or heavy walls. ...
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