Real Estate Glossary

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Definitions of Appraisal

  • Professional valuation done on a property to find expected value. This definition of Appraisal contributed by James Boyer.
  • An appraisal is a professional estimate of the value of ones property. The item to be appraised can be a small individual piece, such as jewelry or art work, or something larger such as a home or business. It usually highlights areas of strengths and areas for improvements

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