property valuation
[/ˈprɒpərti væljuˈeɪʃən/]
nounpl: property valuations
avaliação imobiliária
1. The professional assessment and determination of the monetary worth or market value of a real estate property
The property valuation was conducted by a certified appraiser before the sale.
A avaliação imobiliária foi realizada por um avaliador certificado antes da venda.
2. The process of estimating a property's value based on market conditions, comparable sales, and physical condition
Property valuation is essential for mortgage approval and insurance purposes.
A avaliação imobiliária é essencial para aprovação de hipoteca e fins de seguro.
3. A formal document or report stating the estimated value of real estate property
The bank required a property valuation report before approving the loan.
O banco exigiu um relatório de avaliação imobiliária antes de aprovar o empréstimo.
Property valuation is a critical aspect of real estate transactions in both Brazil and the USA. In Brazil, it is typically required by banks for mortgage approval and is increasingly important due to the growing real estate market in major cities like São Paulo and Rio de Janeiro. The profession of property appraiser (avaliador) is regulated and certified. In the USA, property appraisals are mandatory for federally-backed mortgages and heavily influence real estate deals.
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