Description

The appraised value refers to the estimated worth of a property or asset, determined by a qualified appraiser based on various factors such as market conditions, location, and property features. This value is often used in financial transactions, including real estate sales and mortgage approvals.

Interpreter Notes

Interpreters should be aware that 'valor del avalúo o de la valuación' is the formal term used in clinical and financial contexts. Common variants may include 'valor de tasación' or 'valor estimado', which are more colloquial. It is important to stick to the glossary term to maintain professionalism in formal settings.

Example Sentences

EN: The appraised value of the house was significantly higher than expected.

ES: El valor del avalúo o de la valuación de la casa fue significativamente más alto de lo esperado.

Common Interpreter Mistakes

Confusing 'avalúo' with 'evaluación'; mixing up 'valor del avalúo' with 'precio de venta'; misinterpreting the term in non-financial contexts