appraisal value
Estimated monetary worth
Appraisal value is the estimated worth of property—real estate, jewelry, art, or other assets—as determined by a qualified professional.
Banks require appraisals before approving mortgages: The appraisal value came in lower than our offer.
Insurance companies use appraisal values to set coverage limits.
The figure represents informed opinion, not necessarily what something would fetch on the open market.
- depreciationAsset value reduction over time
- buyer's marketConditions favoring purchasers
- closing costsFees finalizing property purchase
- carat weightUnit measuring gem mass
- equityImpartial treatment or ownership value
tax assessment · reconciliation process · property tax · comparable sales · color grading · zoning · capital gains · home inspection · curb appeal · refinance · property law · estate sale · insurance claim · collateral · listing · home · real estate · estimate
appraisal valueasking price
Seller's stated amount
listing price · sticker price · offering price · bid price · self-assessment
appraisal valuesale price
Discounted retail amount
closing price · purchase price · hammer price · final price · actual value
appraisal valuebook value
Asset minus accumulated depreciation
assessed value · sentimental value · replacement cost · salvage value · face value