Whether you are deciding to buy or sell a property, settle an estate or divide assets during a divorce, establishing the correct value of a property is critical. Estimating the asking or purchasing valuation of real estate property is also important for investment analysis, property insurance and taxation purposes. Here we will detail a few primary considerations in the real estate …
What is a Real Estate Appraisal?
After staking out various properties on the market for months, you’ve finally found your dream home. The asking price is $350,000 – an amount for which your bank already has you pre-approved. Now, how can you be sure the house is really worth the listed amount? That is the underlying question of the appraisal process and it’s also a crucial part of …