Home valuation

Home valuation is the process of determining the current market value of a property. It considers factors like the size, condition, location, recent sales of similar homes, and overall market trends. This helps owners understand how much their home is worth, which is important for selling, refinancing, or taxation purposes. Professionals like appraisers or real estate agents perform valuations using various methods to provide an accurate estimate. A reliable home valuation reflects the fair market value that buyers are willing to pay and sellers are willing to accept in the current market conditions.