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Real estate appraisal

December 24 2007 17:49

Real estate appraisal – is that the real one? Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the highest and the best use of real property (which basically translates into determining the fair market value of the property). The person who performs this real estate appraisal exercise is called the real estate appraiser or property valuation surveyor.

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