Property evaluation is the process of determining the value of a piece of real estate. This assessment considers various factors, including the property's location, size, condition, and the current market trends. Professionals, such as appraisers, often conduct these evaluations to help buyers, sellers, and investors make informed decisions. The results of a property evaluation can influence many aspects of real estate transactions. For instance, a well-evaluated property can lead to a fair selling price, while an undervalued property might attract more buyers. Understanding property evaluation is essential for anyone involved in the real estate market, whether they are homeowners, investors, or real estate agents.