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What Does An Appraiser Do, Anyway?

Penrose Appraisals

Market research. It is only after learning about and considering all of these things that an appraiser can then turn to the market to make a determination of value. Of course, the market chosen will vary depending on the purpose of the appraisal. Appraisers are not simply walking around with valuations in their head.

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Why You Should Get A Charitable Donations Appraisal

Penrose Appraisals

An appraiser is trained in this kind of market research and likely spends much of their time monitoring market conditions. This is especially so when the underlying valuation is based solely on the taxpayer's assertion. Hiring him or her to do the work likely makes a lot of sense. Avoiding bias.