Due to various reasons changes is been taken place in the market prices. So it becomes difficult to recognize the fair and the true value of the property but for the holder of the property it is essential to know the current market value of the property. By knowing true value of the property effective decisions can be taken by the holder of the property. The main purpose of the existence of the real estate valuation process is to be rectify the current market value of the property. On the basis of outcomes of independent property valuations beneficial decision can be taken by the holder of the property which do make them fee satisfied and free from the burden of tension.
Fair value of different type of property can be known through the process of property valuation. Constant watch is been made by the authority over the process of valuation so that it can run into right and in flexible manner. Due to controlling function in the process of property valuation complex issues which do affect in adverse manner can be avoided. In the process of valuation different type of legal rules and the regulation is been involved which is compulsory for service provider to obey it. It is also necessary for the service provider of valuation to maintain standard in the outcomes which is to be given to the holder of the property. Best use of finance can be done when the decision is to be taken on the basis of the outcomes of valuation process.