Let's talk about valuation before the real estate appraisal.
“Appraisal”, also referred to as valuation, can be defined as the process of
determining the value of an asset by the relevant expert. Today,
"appraisal" is a term that is used instead of the word
"valuation" and is accepted.
Real estate appraisal, housing appraisal, or more commonly
known as real estate appraisal, is the process of determining the value of a
real estate before it changes hands, by independent experts/appraisers,
impartially and without any influence. To give an example, the majority of real
estate changes in our country consist of residential real estates. Although the
houses are subject to cash sale, most of them are realized with loans from
financial institutions. Therefore, these institutions need "home
appraisal" in determining the value that will be a reference for housing
loans.
Housing appraisal reports are reports that not only evaluate
the value, but also examine the real estate in terms of technical and legal
status. In our country, these reports can be made by real estate appraisers
and/or housing appraisers through real estate appraisal companies.