You may often hear the terms market evaluation, home evaluation, comparative market analysis and appraisal. There are obviously many factors that can affect the value of a property, and different methods of assigning value to a property have some of those factors in common. Here are the two main uses or goals of valuation in real estate and how they differ. APPRAISAL An appraisal is most commonly a formally-documented report that provides a value on a property. It is done by an accredited... [read more]