Real estate glossary
Property valuation (estimation immobilière)
Assessment of what a property is worth at a given date, based in particular on comparable sales, location, floor area, condition and features. A valuation gives a price range and is not a formal expert appraisal.
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General definition provided for information only. The rules that apply depend on your situation, the country and the law in force: check them with a professional (notary, lawyer, estate agent).