Purpose of an Evaluation

The highest price estimate, in terms of money, which a property will bring if exposed for sale in the open market allowing reasonable time for a Buyer who purchases it with knowledge of the uses to which it is adapted and for which it is capable of being used. (As defined by the Courts)

It is referred to as "the price a willing Seller would sell and a willing Buyer would buy" neither being under abnormal pressure.

We, as realtors, typically price a home on the basis of three or more "comparables" which are similar properties that have recently sold.

Then we adjust for distinct features of the house and property in question, considering condition, area, size, and the level of competition in terms of other homes for sale nearby. In the end, we recommend a price range for marketing your home, but of course -