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How is the value of a property determined?

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How is the value of a property determined?
Jolly Offline
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02-23-2024, 07:50 AM (This post was last modified: 03-09-2024, 05:45 PM by admin.)
Property valuation considers various factors such as location, size, condition, amenities, and market demand. Appraisers use comparable sales data, replacement cost, and income approach methods to assess value. Factors like market trends, economic conditions, and zoning regulations also influence property value. It's crucial to understand these elements to make informed decisions in real estate transactions.
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