Property valuation is a critical process used to determine the monetary worth of a property at a specific point in time.
Common property valuations are essential for various purposes, including buying or selling property, securing loans, tax assessments, legal disputes, or insurance. Below is a comprehensive guide to the key aspects of property valuation:
Reflects the price a property would fetch in a competitive market. This is the most common valuation for buying, selling, or financing purposes.
Used by government bodies to determine property taxes based on assessed value, which may differ from the market value.
Determines the replacement cost of the property for insurance purposes, excluding land value.
Evaluates the potential income from leasing a property, critical for investors.
We are committed to providing professional and accurate valuations to support your legal objectives. Let us help you navigate your legal challenges with confidence. Contact us today to schedule your consultation!
