What is the primary role of a real estate appraiser?

The primary role of a real estate appraiser is to provide an unbiased estimate of a property's value. This is crucial in real estate transactions, as the appraiser's assessment helps buyers, sellers, lenders, and other stakeholders understand the worth of a property based on various factors such as location, condition, and market trends. Their evaluations are based on standardized methods and principles, ensuring objectivity and accuracy.

By delivering an impartial value opinion, appraisers play a key role in facilitating informed decisions, helping to ensure that properties are bought and sold at fair market values. This independent appraisal helps protect both buyers and sellers from the risks associated with overpricing or undervaluing a property.