Estimated Reading Time: 16 minutes First-time property buyers often assume there is only one straightforward real estate valuation, leading to confusion. This article clarifies the complexities by analyzing various valuation methods, including current market value, sale price, insurance valuation, and bank valuation, as well as approaches like projected and development potential value, maximum potential value after renovation, and investment and rental value. Understanding these different perspectives is crucial for making informed real estate decisions.
