Real estate valuations are essential for property investors, home buyers, and sellers, as well as others. Why is this the case? Because they ensure buyers don't overpay, sellers are not undersold, lenders are provided with the information needed to approve loans, real estate court disputes are settled fairly, and much more. Also, although properties in an area may be similar, there are many factors that can set them apart financially, and that's when an appraisal is needed to generate the true value of a piece of real estate. Let's dive into the rest of this article to learn more about real estate valuation and the three methods used to calculate a property's value - the cost approach, sales comparison approach, and the income capitalization approach. Real Estate Valuation/Appraisal...