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When it comes to real estate, the accuracy of property valuation is paramount. By the end, you'll understand the significance of accurate property valuation and how these professionals are your trusted allies in the complex world of real estate. That's where appraisal professionals step in.
A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. It is not used for forced sale or bankruptcy situations.
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