Estimating the value of real estate is necessary for a variety of endeavours, including financing, sales listing, investment analysis and property insurance. But for most people, determining the asking or purchase price of a piece of real property is the most useful application of real estate valuation.

When purchasing a property, it is critical to know the true value of the property. We employs defferent methods to evaluate properties there by making sure the value is as accurate as possible . We take every unique features of the property under consideration like its location, lot size, floor plan and amenities so that it gives a measure of how much revenue the business will bring in the future.

Technically speaking, a property's value is defined as the present worth of future benefits arising from the ownership of the property. Unlike many consumer goods that are quickly used, the benefits of real property are generally realised over a long period of time. Therefore, an estimate of a property's value must take into consideration economic and social trends, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value: demand, utility, scarcity and transferability