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2. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   This is unfortunate for one of the two parties. It is the obligation of a real property appraiser to estimate the true market value of a property and not its market price. Frequently, properties are assessed at a value below their market values; this is known as fractional assessment. [5]

3. Expected value - Wikipedia

   en.wikipedia.org/wiki/Expected_value

   This property is often exploited in a wide variety of applications, including general problems of statistical estimation and machine learning, to estimate (probabilistic) quantities of interest via Monte Carlo methods, since most quantities of interest can be written in terms of expectation, e.g. ⁡ = ⁡ [], where is the indicator function of ...

4. 8 home value estimator websites compared - AOL

   www.aol.com/finance/8-home-value-estimator...

   One unique offering here is a value history, showing an estimate of how the home’s value changed over the past 20 years. You can also use the tool to compare the property to similar homes in the ...

5. Capitalization rate - Wikipedia

   en.wikipedia.org/wiki/Capitalization_rate

   In addition, a valuer also provides an Estimated Rental Value (ERV). The ERV states the valuer's opinion as to the open market rent which could reasonably be expected to be achieved on the subject property at the time of valuation. The difference between the in-place rent and the ERV is the reversionary value of the property.

6. Hat notation - Wikipedia

   en.wikipedia.org/wiki/Hat_notation

   In statistics, a circumflex (ˆ), called a "hat", is used to denote an estimator or an estimated value. [1] For example, in the context of errors and residuals , the "hat" over the letter ε ^ {\displaystyle {\hat {\varepsilon }}} indicates an observable estimate (the residuals) of an unobservable quantity called ε {\displaystyle \varepsilon ...

7. Sales comparison approach - Wikipedia

   en.wikipedia.org/wiki/Sales_comparison_approach

   The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...