Real Estate Valuation

Real estate valuation is the process of determining the worth of a property. Several factors influence this value, including location, size, condition, and comparable sales in the area. Appraisers often use methods like the sales comparison approach, which compares similar properties, and the income approach, which assesses potential rental income. The valuation helps buyers, sellers, investors, and lenders make informed decisions, ensuring that properties are bought or sold at fair market prices. Ultimately, it’s about finding a price that reflects both the current market and the unique characteristics of the property.