What is the role of an appraiser in a real estate dispute?

An appraiser is an expert in real estate law and plays an important role in a real estate dispute in California. An appraiser acts as an impartial third party to help both sides of a dispute understand the market value of the property in question. This is usually done through a process called appraisement, which is the act of determining a fair market value for the property. A real estate dispute may arise in circumstances such as a landlord-tenant dispute or a disagreement between two parties over the purchase price of a house. In these cases, an appraiser is appointed by a court or private entity to review the market value of the property and provide an independent assessment. Through analysis of factors such as location, amenities, and depreciation, the appraiser will provide an estimate of the property’s worth. In addition, an appraiser may need to be called in when one of the parties suspects discrepancies between the amount of a mortgage loan and the actual market value of the property. In this case, the appraiser’s job is to compare the estimated value of the house with the amount of the loan to identify any irregularities. In short, an appraiser can be an integral part of a real estate dispute in California. By providing an independent assessment of the market value of the property, they can be instrumental in helping the parties involved come to a resolution.

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What is the role of an appraiser in a real estate dispute?

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