What does "intermediate valuation" refer to?

"Intermediate valuation" refers to a method that utilizes various approaches to determine a supported value for a property. This approach may incorporate different valuation techniques such as the cost approach, sales comparison approach, and income approach, allowing the appraiser to triangulate a more accurate valuation by considering multiple perspectives and data sources. By using a range of methods, the appraiser can ensure that the valuation is more robust and mitigates potential biases or inaccuracies that may arise from relying solely on a single method.

This practice is essential in real estate appraisal, as properties can vary widely in features, conditions, and market conditions. Therefore, intermediate valuation provides a comprehensive analysis that reflects a well-rounded view of the property's market value, which can ultimately lead to more informed decisions for buyers, sellers, and lenders. It acknowledges the complexity of real estate markets and the importance of a thorough, multi-faceted approach to valuation.