What is a Property Appraisal?
A property appraisal is a report that comes in handy when you’re preparing to sell your house – it essentially gives you a rough estimate of what it's worth in the current market. Apart from this, a property appraisal will also have vital information like vacancy rates, an overview of suburb trends, and historical market data.
An appraisal is prepared by an agent or real estate professional, and should be used as a guide rather than an actual real estate value.
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