What is the primary role of a real estate appraiser?

The primary role of a real estate appraiser is to provide an unbiased estimate of a property's value. This estimate is essential for various transactions and financing purposes, including buying, selling, and refinancing properties. Appraisers use a variety of methods and approaches, such as the sales comparison approach, cost approach, and income approach, to assess the value based on market conditions, comparable properties, property condition, and other relevant factors. Their objective analysis ensures that all parties involved have a fair and accurate understanding of a property's worth, which is crucial for informed decision-making.

In contrast, the other roles mentioned, while important in the real estate process, do not align with the primary function of an appraiser. Negotiating terms between buyer and seller is typically the responsibility of a real estate agent or broker. The facilitation of the closing process generally falls under the duties of escrow agents or closing attorneys. Advising on property improvements may pertain more to real estate agents or property managers who focus on enhancing marketability or value rather than providing formal appraisals.