What is an appraisal?

Appraisal Definition: An appraisal is a process of determining the property’s value, such as a business appraisal. It’s typically an estimate carefully assessed by an experienced appraiser or authorized individual.

An appraiser must have qualifications set out by a regulatory body or organization. The purchase of an appraisal assigns an accurate value for the purchase of insurance or taxation. This service is used for charitable gifts and donations.

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