What is the primary focus of an appraiser when evaluating a property?

The primary focus of an appraiser when evaluating a property is the current market value based on comparable sales. This involves assessing the property in relation to similar properties that have recently sold in the same area. The appraiser considers various factors such as the size, condition, location, and amenities of the properties to determine a realistic and fair market value.

This process helps ensure that the appraisal reflects the true, market-driven value of the property, which is critical for lenders, buyers, and sellers. Accurate valuation is essential for financial transactions, ensuring that properties are neither over- nor under-valued, thereby protecting the interests of all parties involved.

While factors such as historical significance, aesthetic appeal, and potential development can influence value indirectly or in specific contexts, they do not primarily drive the market value assessment that an appraiser focuses on during their analysis.