What is an informed opinion of value provided by?

An informed opinion of value is best provided by an appraiser, as they are specifically trained and licensed to assess property values based on various factors such as market trends, property characteristics, and comparative sales data. Appraisers utilize standardized methods and adhere to regulatory guidelines to ensure their valuations are accurate and objective. This professional expertise is crucial in contexts such as lending, buying or selling properties, and for tax assessments, where an accurate value is essential.

Real estate agents, property owners, and financial analysts may have insights into property values, but their assessments lack the rigor and neutrality afforded by a formal appraisal. Real estate agents might provide comparative market analyses, which can vary in reliability and are influenced by their personal interests or sales strategies. Property owners might have subjective views based on their emotional attachment or perceived value, and financial analysts may approach value from an investment perspective, which does not always align with market-based appraisals. Consequently, the role of the appraiser is distinct and essential when seeking an informed, objective opinion of value.