Which entity typically performs property appraisals?

Licensed appraisers are the professionals specifically trained and authorized to perform property appraisals. They have the expertise to conduct thorough evaluations of a property's value by analyzing various factors, including the property's condition, location, and recent market trends. Licensed appraisers must adhere to strict guidelines and standards set by regulatory bodies to ensure their assessments are accurate and unbiased.

In contrast, real estate agents primarily focus on buying and selling properties, and while they may have insights into property values, they do not perform formal appraisals. Property inspectors assess the physical condition of a property, identifying issues that could affect its value, but they do not determine the market value itself. Homeowners, while knowledgeable about their own properties, lack the objectivity and credentials necessary to provide an accurate appraisal. Thus, licensed appraisers are the only entity among the options that possesses the qualifications and authority to carry out official property appraisals.