property valuation
Real estate appraisal
Property valuation is the process of determining what a piece of real estate is worth, typically conducted by a licensed appraiser or assessor.
Valuations consider factors like location, condition, comparable sales, and income potential.
Banks require property valuations before approving mortgages; governments use them to calculate property taxes.
The valuation came in lower than the asking price.
- comparable salesSimilar recent transactions for pricing
- depreciationAsset value reduction over time
- mortgage lendingFinancing for property purchases
- market valueCurrent trading price
- locationPosition in space
fair market value · assessed value · real estate agents · condition · lease agreement · zoning regulations · economic trends · assessment · replacement cost · financial reporting · tax codes · environmental protection laws · taxation · investment analysis · asking price · listing · deed · estimate
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- UK Propertyfreehold, leasehold, estate agent, council house, terraced house
- fire insurancefire risk, fire damage, fire protection, fire inspections, fire hazards
- property managementlandlord, landlords, tenant, tenants, lease
- property taxestax rate, council tax, tax bill, tax rates, rates
- Real Estate Servicesreal estate agent, realtor, listing agent, buyer agent, home inspection
property valuationhome inspection
Professional assessment of property condition
building inspection · property inspection · pest inspection · environmental assessment
property valuationrough estimate
Imprecise preliminary calculation
ballpark figure · guesswork · gut feeling · speculation · wild guess