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LSDefine
Simple English definitions for legal terms
valuer
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A quick definition of valuer:
A valuer, also known as an appraiser, is someone who can tell you how much something is worth. They can look at things like houses, jewelry, or rare books and give you an estimate of how much money they are worth. This person is impartial, which means they don't have any personal interest in the item they are valuing. When something goes up in value, we call that appreciation.
A more thorough explanation:
A valuer, also known as an appraiser, is a person who gives an unbiased estimate of the value of something. This could be anything from real estate to jewelry to rare books.
When you want to sell your house, you might hire a valuer to give you an estimate of how much it's worth. The valuer will look at things like the size of the house, the condition it's in, and the location to come up with a fair price.
Another example is if you inherit a piece of jewelry from a family member. You might want to know how much it's worth, so you take it to a valuer who can give you an estimate based on the quality of the materials and the design.
These examples illustrate how a valuer can help you determine the value of something so that you can make informed decisions about buying, selling, or keeping it.