What is Appraiser?
An appraiser is an independent, licensed professional who estimates a property’s market value, usually for the lender, by inspecting it and comparing recent sales of similar homes. Their valuation is meant to be objective and is not influenced by the buyer, seller, or agents. Lenders rely on it to size the loan.
Example: The lender orders an appraiser, who values the home at $625,000 — the figure the lender uses to confirm the loan amount is supported.