What is the primary role of an appraiser in real estate?

The primary role of an appraiser in real estate is to provide an objective valuation of a property. Appraisers are trained professionals who assess the value of real estate through various methods, including comparable sales analysis, cost approach, and income capitalization. Their objective valuation is critical in many scenarios, such as when properties are bought or sold, during financing processes, or for property tax assessments.

By delivering an accurate and unbiased valuation, appraisers help ensure that buyers, sellers, and lenders make informed decisions based on market data and property conditions. This objective perspective is essential in maintaining fairness in real estate transactions and helping to establish a fair market value for the property in question. This role is distinguished from marketing, negotiation, or management functions, which focus on the transactions and relationship aspects of real estate rather than the valuation aspect.