What is the primary purpose of an appraiser inspecting the subject property?

The primary purpose of an appraiser inspecting the subject property is to collect information about characteristics that are relevant to value. This inspection allows the appraiser to assess the property's physical attributes, such as size, condition, quality of construction, and any unique features that could influence its market value. By gathering this specific information, the appraiser can make informed judgments and analyses, leading to a more accurate valuation of the property.

While gathering neighborhood information, ensuring property maintenance, and meeting regulatory requirements may be incidental benefits or responsibilities associated with the appraisal process, they are not the primary focus of the property inspection. The essence of the appraisal lies in obtaining detailed insights into the property itself, which directly informs the appraiser’s conclusions regarding its value in the context of the local real estate market.