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ESTIMATE OF VALUE

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

It means an approximate or rough estimate or calculation, and is usually a numerical figure. It is also a statement of the cost of the work that is to be executed or a judgment/opinion of the type, nature, quality, or character of anything or individual.

Use of Estimate Of Value in Real Estate

The estimate of value matters in the real estate industry. This estimation of real estate value is essential for several purposes, including sales listings, financing, mortgages, analyzing investments and returns, and also getting home or property insurance. Value estimations have a crucial purpose in this regard.

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