Property Valuation: What Determines It?

Submitted by Capkon on Fri, 11/06/2020 - 19:01

Property valuation in common terms is what a property is worth. Practically, it is the amount that someone pays for a property. The market value is a willing arm’s length transaction between a buyer and a seller after proper marketing of a property.
Property valuation is basically the initial step in anything that involves property. Be it for the banks to lend you money or refinancing your loan or even selling the property. This is why understanding the perks of property valuation is vital.

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