Real Estate Valuation

Definition of Real Estate Valuation as it relates to Real Estate, Commercial Real Estate, Land Development

Real Estate Valuation, when situated as a child category under Land Development and related to the broader categories of Real Estate and Commercial Real Estate, refers to the process of determining the current worth or market value of a property. This can be achieved through various methods such as the cost approach, sales comparison approach, and income capitalization approach. The results of real estate valuation are critical in making informed decisions related to purchasing, selling, financing, insuring, developing, managing, and investing in real estate properties within these categories.

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