What does an appraisal provide in real estate?

An appraisal is a systematic and objective assessment of a property's value conducted by a qualified appraiser. This professional evaluation takes into account various factors such as the property’s condition, location, recent sales of comparable properties, current market trends, and other relevant data. The appraiser utilizes standardized methodologies to ensure their findings reflect a fair market value, making the result more credible and reliable for both buyers and sellers.

The other options do not accurately capture the purpose and method of an appraisal. While some may provide insights into market trends or rely solely on seller input, an appraisal specifically focuses on delivering an unbiased estimation of value based on thorough analysis rather than subjective opinions or generalized observations.