What does an appraiser do?

An appraiser is a professional who estimates the value of various assets, most commonly real estate, but also personal property, antiques, or art. They conduct thorough inspections, analyze market data, and prepare detailed reports to determine an item's fair market value. Appraisers often work for banks, insurance companies, government agencies, or as independent consultants. Their evaluations are essential for transactions such as sales, mortgages, taxation, and insurance claims.