Understanding the value of residential property is a fundamental aspect of real estate, whether for buying, selling, or investing. Residential property valuation is a critical process that helps determine the market value of a property based on various factors. This article delves into what residential property valuation is, the methods used, and its importance in the real estate market. What is Residential Property Valuation? Residential real estate valuation refers to the process of estimating the market value of a property. This value is typically used for a variety of purposes, including sale, purchase, taxation, and financing. The valuation considers numerous factors, such as the property's location, size, condition, and comparative market analysis. Methods of Residential Property Valuation There are several methods used in the valuation of residential properties, each suited for different scenarios: Comparative Market Analysis (CMA): This method involves compar...