Determining the market value of a property to serve as collateral for loans, ensuring loan amount does not exceed property value.

Determining fair compensation owed when property is acquired by government or authorized entity for public use.

Determining fair market value of property to calculate equitable property taxes.

Determining fair market value for legal proceedings such as disputes, inheritance, bankruptcy, or eminent domain claims.

Determining Replacement Cost or Reinstatement value (RC) of property for insurance purposes.

Assessing open market value to guide buying or selling transactions prudently.

Determining fair value for accurate financial reporting and compliance with accounting standards.

Determining fair market rental value for leasing or investment purposes.

Assessing current and future value for income-generating real estate, including ROI calculations.