How valuation done for aroperty

Question

Accepted Answer

Property valuation is done by considering various factors such as location, size, condition, and market trends.

Valuation can be done by comparing the property with similar properties in the area.
The size and condition of the property are also taken into account.
Market trends and demand for properties in the area are considered.
Valuation can also be done by using the income approach, which considers the potential income the property can generate.
Professional appraisers are often hired to conduct property valuations.