property evaluation

Property evaluation is the process of determining the value of a property based on various factors such as location, size, condition, recent sales of similar properties, and current market trends. It helps owners, buyers, and lenders understand what a property is worth at a specific point in time. This assessment ensures informed decision-making for purchases, sales, refinancing, or taxation. Professional appraisers typically perform property evaluations, using standardized methods to provide an objective and accurate estimate of a property's market value.