Home Appraisals Demystified: Understanding the Property Appraiser's Role When it comes to buying, selling, or refinancing a home, a crucial step in the process is a home appraisal. A property appraisal, also known as a real estate appraisal or land valuation, is the evaluation of a property's fair market value. This value is determined by a property appraiser who assesses various factors to determine the worth of a home. Understanding the home appraisal process and the role of the property appraiser is essential for all parties involved. In this comprehensive guide, we will demystify the home appraisal process, explore the factors considered by property appraisers, and provide tips for buyers and sellers.