An appraiser is a professional who evaluates the value of properties, such as homes, land, or commercial buildings. They use various methods, including market analysis and property inspections, to determine a fair market value. Appraisers often work for banks, real estate companies, or government agencies to provide unbiased assessments.
The appraisal process is essential in real estate transactions, as it helps buyers and sellers agree on a price. Additionally, appraisers may be involved in estate planning, tax assessments, and insurance purposes. Their expertise ensures that property values are accurately represented in financial dealings.