Real estate valuation is the process of determining the worth of a property, such as a house or commercial building. This assessment helps buyers, sellers, and investors make informed decisions. Factors like location, size, condition, and market trends play a crucial role in establishing a property's value. There are various methods for real estate valuation, including the comparative market analysis and the income approach. The comparative market analysis looks at similar properties that have recently sold, while the income approach evaluates the potential rental income a property can generate. Both methods provide valuable insights into a property's market value.