In this method, appraisal compares the quoted price of the property with recent property transactions that happened in the neighborhood. It is the valuation of property to arrive at the true value of property in the existing circumstance. Real Estate Appraisal & Review of ValuationĪ real estate appraisal is the process to evaluate the market value of the property. So, Real Estate Appraisal and Review of Valuation comes in the picture. And mostly the value of real estate tends to be appraised. But, we know that the value of Real Estate tends to fluctuate a lot.

Properties are also used as mortgages in banks and other financial institutions. In today’s time, everyone is investing in real estate either for their personal use or for the purpose of earning rental income.