What is an impartial appraiser's opinion of a property's value called?

An impartial appraiser's opinion of a property's value is referred to as an appraisal. This term specifically identifies a formal assessment conducted by a licensed or certified appraiser who evaluates the property based on various factors, including its features, condition, and the local real estate market. The appraisal is crucial as it provides an objective measure of value that can influence various real estate transactions, such as sales and financing.

Market analysis is typically more informal and often used by real estate agents to determine a competitive price for a property based on recent sales in the area. A valuation report might encompass broader analyses or methodologies beyond what is typically captured in an appraisal, and a property estimate often lacks the rigor and formal procedures of an appraisal. Thus, appraisal precisely captures the essence of what an impartial expert provides regarding a property's worth.