Which factor does a real estate appraiser NOT consider when estimating market value?

A real estate appraiser focuses on objective factors that influence the market value of a property. These typically include measurable and comparable aspects such as the condition of the property, the size of the lot, and the location. Each of these factors can be supported by data and is widely recognized as influencing value in the marketplace.

The owner’s emotional attachment to the property, however, is a subjective factor that does not have a direct impact on market value. Emotional aspects are personal and can lead to overestimating the worth of a property based on feelings rather than factual data. Appraisers aim to provide a value that reflects what the property would likely sell for in the current market, independent of personal attachments or sentiments. Thus, emotional connections do not factor into a professional appraiser’s evaluation process.