What Is an Appraiser in Real Estate? | Definition & Meaning

A real estate appraiser is a licensed professional who determines the fair market value of a property. Appraisers are essential in real estate transactions, especially when buyers use financing, because lenders require an appraisal to ensure the home’s price matches its true market value.

🔍 What Does a Real Estate Appraiser Do?

Appraisers inspect both the interior and exterior of a property, analyze recent comparable sales (called comps), and evaluate the home’s condition, size, location, and features. They follow professional standards known as the Uniform Standards of Professional Appraisal Practice (USPAP) to ensure accuracy and impartiality.

  • Review recent sales of similar homes in the area
  • Assess upgrades, lot size, and neighborhood factors
  • Deliver a written report with the home’s estimated value

🏠 Appraiser vs. CMA: What’s the Difference?

A Comparative Market Analysis (CMA) is usually prepared by a real estate agent—or by FSBO sellers using data from Brokerless. It estimates value based on local sales trends, but it is not an official appraisal. In contrast, a home appraisal is conducted by a licensed appraiser and carries legal and lending authority.

Learn more: CMA vs. Home Appraisal.

To better understand how the appraisal process works, read What Is an Appraisal in Real Estate?.

📈 Why Appraisals Matter for FSBO Sellers

Even when you’re selling your home by owner, understanding how appraisers determine value can help you price your property correctly. A fair and accurate list price attracts serious buyers, prevents financing issues, and supports a smooth closing process.

💡 Ready to list your home? Explore Flat Fee MLS Packages and get your property listed on the MLS with Brokerless today.