An appraised value is an estimate of a property's worth, calculated by a licensed appraiser during the home-buying process.
An estimate of a property’s worth based on the opinion of the owner, or for a nonmonetary use, reflecting its personalized significance beyond market value.
Valuation in real estate refers to the process and outcome of estimating the market worth or price of a property. Accurate valuation is crucial for various purposes including sales, taxation, loan collateral, and investment analysis.
