👉 Appraisals are a process used to determine the value of an asset, such as a house or business, based on its market value. They typically involve assessing factors such as the property's size, location, condition, and recent sales prices in order to arrive at an accurate valuation. Appraisers use various methods, including comparative analysis, economic evaluation, and market research, to determine the fair value of an asset. The process is crucial for valuing assets and ensuring that they are sold or
