The Role of an Appraiser in Purchase & Sale Transactions
July 13, 2023
When it comes to buying or selling a property, the role of an appraiser is an important one. An appraiser is responsible for providing an impartial opinion on the value of a property. An appraiser’s report not only helps determine the value of a property, but also provides information that can help buyers and sellers make sound decisions during the purchase or sale transaction. This article will discuss the responsibilities, purpose, and information an appraiser collects during a purchase & sale transaction, the difference between a Broker Price Opinion (BPO) and an Appraisal, their role in appraising all components of a property, the role of lenders, and the importance of engaging a qualified appraiser for attaining certifications in purchase & sale transactions.