To "appraise" means to evaluate or assess the value, quality, or significance of something. This process often involves examining various factors, such as condition, market trends, and comparable items. Appraisals are commonly used in fields like real estate, where properties are assessed for sale or taxation purposes. In addition to real estate, appraisals can apply to personal property, such as art or antiques. Professionals known as appraisers conduct these evaluations, providing an expert opinion that can help buyers, sellers, and insurance companies make informed decisions regarding the worth of an item or property.