The advantages of property valuation are numerous and can benefit different parties involved in real estate transactions. Here are some advantages of property valuation:

Accurate pricing: Property valuation helps to establish an accurate and fair market value for the property, which helps to prevent overpricing or underpricing of the property.

Investment decisions: Property valuation assists investors in making informed decisions about buying, selling, or holding a property. It provides an objective analysis of the property's worth and potential, which helps to identify investment opportunities.

Financing: Property valuation is necessary when obtaining financing for a property. Lenders require accurate valuations to determine the amount of the loan to offer, and property valuation can help to secure favorable financing terms.

Property taxation: Property valuation is used by taxing authorities to assess property taxes. Accurate valuations ensure that property owners pay the correct amount of taxes, which helps to avoid legal disputes.