What does a Pennsylvania Real Estate Appraiser Do?

When the value of a property in Pennsylvania needs to be established, the real estate appraiser goes to work. Real estate appraisers estimate the value of property for many reasons. For example, appraisals are necessary to determine a sales price or to determine the amount of a loan that could be given on a residential or business property. A real estate appraiser may be asked to determine the worth of any type of real estate, from a vacant lot to a city airport, but they often specialize in determining the value of only a certain type of real estate such as residential buildings or commercial properties. The role of the appraiser and the assessor is different. Assessors settle on the value of all properties in an area for property tax purposes while appraisers determine the value of properties one at a time for a multiplicity of purposes, such as to establish what a good sale price would be for a home or to clear up an estate or help in a divorce resolution. The values of all types ...  more