Almost all of us have faced the challenge of estimating the net worth and current market value of our personal belongings such as house, car, etc. it is calculated in order to forecast the current valuation of that certain property and what margin of profit could be achieved or what amount of loss can be faced. This kind of stock valuation helps us to consider and estimate our current net valuation. During a selling process, the sale value of a certain property is calculated using current rates and industry standard measurements so that you could realize whether that particular set of property is an asset or a liability.
The property inventory is the process of gauging the current overall worth of a certain individual in respect to the assets owned by that certain individual.