Estate valuation
Estate valuation is the process of determining the worth of a property, encompassing land, buildings, and other assets. It involves assessing various factors such as location, condition, size, and market trends to arrive at an accurate estimate of its monetary value. This valuation is crucial for purposes like taxation, insurance, sale, or inheritance. Professional appraisers employ methodologies like comparative market analysis or income capitalization to ascertain the property's worth.
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