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Valuation

Appraisal

A professional estimate of a property's market value, typically required by lenders before approving a mortgage.

Related terms

Cap RateEffective Gross IncomeNet Operating Income (NOI)Price per Square FootValuation

Last reviewed October 20, 2026

Definitions are educational and simplified for clarity; they are not legal or financial definitions for contractual use.

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Estimates use your assumptions and documented formulas (v1.0.0). Verify decisions with licensed professionals.