What is the primary role of a real estate appraiser?

The primary role of a real estate appraiser is to assess the value of a property for lenders. This involves conducting a detailed evaluation of a property’s features, location, and market conditions in order to provide an objective opinion of its worth. Lenders rely on this assessment to make informed decisions about financing, ensuring that the amount of money they provide is aligned with the property's value. Accurate appraisals are crucial because they protect both the lender's investment and the buyer's interests by ensuring that the sale price reflects true market value, thus preventing overvaluation or undervaluation of properties.

The tasks associated with marketing properties, negotiating prices, or managing investments are outside the purview of an appraiser. Their primary focus is rooted in providing unbiased property valuations, which serve as an essential component in the buying, selling, and financing processes in real estate.