Best Valuation for Property valuation

Property valuation is the process of assigning a monetary value to a piece of real estate. Learn to debunk the property evaluation pillars, such as demand, utility, scarcity, transferability, or DUST, as well as the two key property principles and the real estate lifecycle.
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Property valuation typically seeks to determine fair market value, or the price at which a knowledgeable seller will gladly sell her property and a knowledgeable buyer will gladly buy it. In other words, it is assumed that both sides have all necessary details and that neither party is compelled to purchase or sell. The sales price is not always equal to the fair market value. A short sale of real estate, for eg, may not bring fair market value because the seller is distressed and needs to sell the property right away.