Every real estate transaction has three parties who each want something a little different. The seller wants top dollar for their home. The buyer wants to feel confident they're paying a fair price. And the lender wants to know that if anything ever went wrong, the home is worth at least as much as the loan against it.
Most of the time, those three interests line up just fine. But every so often, there's a fourth voice in the room that none of the parties control directly: the appraiser.
The appraiser isn't working for the seller, and they're not working for the buyer either — even though the buyer is usually the one paying for the appraisal. They're working for the lender, and their entire job is to answer one narrow question: does this property support the loan amount, based on recent comparable sales?
That's it. They're not weighing in on how...