Posted on 18 Feb, 2023
When you hear the term "property appraisal," you might assume that the client is always the person or entity that owns the property in question. However, this isn't always the case. In fact, there are several different types of clients who might hire a property appraiser, and understanding who they are can help you better understand the appraisal process.
It's important to note that regardless of who hires the property appraiser, the appraiser's job is to provide an objective, unbiased assessment of the property's value based on a variety of factors, such as its location, size, condition, and recent sales of comparable properties. This ensures that all parties involved in the transaction have an accurate understanding of the property's worth.
In conclusion, there are a variety of clients who might hire a property appraiser, including property owners, lenders, real estate agents, government agencies, and attorneys. By understanding who these clients are and why they might need an appraisal, you can better appreciate the role that property appraisers play in the real estate industry.
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