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Real estate appraisal is a process of determining the value of a property. It is typically conducted by a professional appraiser who has been trained and certified in the field. Appraisals are used for a variety of purposes, including mortgage lending, taxation, insurance, and estate planning. Appraisers use a variety of methods to determine the value of a property, including market analysis, cost approach, and income approach.
The real estate appraisal market is highly competitive, with many companies offering services to clients. Appraisers must be knowledgeable about the local market and have the ability to accurately assess the value of a property. They must also be familiar with the laws and regulations governing the appraisal process.
Some of the companies in the real estate appraisal market include Appraisal Institute, Valuation Research Corporation, and Real Estate Valuation Services. Show Less Read more
