What is the main function of a real estate appraiser?

The primary function of a real estate appraiser is to provide an unbiased market value estimate of a property. This valuation is crucial for various stakeholders in real estate transactions, including buyers, sellers, lenders, and investors, as it helps them make informed decisions regarding pricing and financing.

An appraiser conducts a thorough analysis of the property, taking into account various factors such as location, condition, size, and recent comparable sales in the area. The result is a well-supported estimate of a property's market value, which is essential for determining an appropriate asking price or securing financing.

This role of providing an impartial valuation is particularly important because it ensures that all parties involved in a transaction have an objective understanding of the property's worth. It differentiates the appraiser’s work from that of negotiators, property managers, or legal document preparers, who have distinct responsibilities that do not focus on value assessment.