It is an independent and impartial determination of the possible value of a real estate, real estate project or rights and benefits associated with a real estate at a certain date.
We can also define a real estate as an independent, impartial and objective determination of the appraisal of a particular date. The value of the real estate may increase within the framework of market conditions, as well as a loss of value in real estate. Accurate determination, correct official institution research and correct reporting are important in appraisal.
Real estate appraisal report is the name given to the report containing the analysis and value of all factors affecting the appraisal of the real estate by appraisers for the determination of the value of any real estate at the request of a person or organization.