What is the role of a real estate appraiser in the transaction process?

The role of a real estate appraiser is focused on evaluating the value of a property. This process involves conducting a thorough analysis of various factors, including the property's location, condition, market trends, and comparable sales in the area. The appraiser provides an objective assessment that helps establish a fair market value, which is crucial for pricing the property accurately in a transaction.

This appraisal is essential for buyers and sellers as it informs negotiations and can influence financing decisions. A correct appraisal ensures that buyers do not overpay for a property and that sellers receive appropriate compensation for their asset. Therefore, the appraiser's expertise directly contributes to a smooth transaction process by providing reliable and unbiased valuation information.