Property appraisal is the process of determining the value of a property. It is typically conducted by a professional appraiser who has the knowledge and experience to accurately assess the value of a property. Property appraisals are used for a variety of reasons, such as to determine the value of a property for sale, to assess the value of a property for tax purposes, or to determine the value of a property for insurance purposes. Property appraisals are based on a variety of factors, such as the condition of the property, the location of the property, and the current market value of similar properties in the area.
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