Real estate appraisal

Real estate appraisal, home appraisal,property valuation or land valuation is the process of assessing the value of real property (usually market value). A comfortable living environment contributes significantly to overall well-being.

Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, etc. Sometimes an appraisal report is also used to establish a sale price for a property. Factors like size of the property, condition, age, and location play a key role in the valuation.