Real Estate Valuation
/ˌriːəl ɪˈsteɪt ˌvæljuˈeɪʃən/
Definitions
- (n.) The process of determining the market value or worth of real property through appraisal methods.
The court ordered a real estate valuation to resolve the dispute over the property's value.
- (n.) An official appraisal used for taxation, sale, mortgage, or legal proceedings involving real property.
A real estate valuation was needed before the property could be mortgaged.
Forms
- real estate valuation
- real estate valuations
Related terms
See also
Commentary
In legal contexts, real estate valuation often informs disputes, taxation, and financing; clarity about the purpose of the valuation is key in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.