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Property Valuation, Pricing, and Appraisal Terms

Terms that explain how property value is estimated, compared, and discussed in buying, selling, lending, and management contexts.

Valuation and pricing pages explain the language used to describe what a property may be worth, how that number is estimated, and why different parties may produce different value conclusions. This section is where readers should learn the difference between asking price, market opinion, formal appraisal, assessed value, and income-driven commercial metrics.

These terms matter because price, value, assessment, and underwriting are related but not identical ideas. A property can list at one number, appraise at another, assess for tax at a third, and still be discussed using additional investor or broker metrics. This section helps readers keep those value conversations separate.

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Core Concepts In This Section

  • appraisal
  • assessed value
  • fair market value
  • cap rate
  • gross rent multiplier
  • broker price opinion
  • market value