What kind of report provides an unbiased opinion of a property's value?

An appraisal report is a formal document that provides an objective and unbiased opinion of a property's value. It is typically prepared by a licensed appraiser who conducts a thorough analysis of various factors affecting the property's worth, such as its location, condition, comparable sales in the area, and market trends. The appraiser employs standardized methods and approaches to determine an accurate estimate of value, ensuring that the opinion is based on credible data rather than personal interests or opinions.

In contrast, maintenance reports focus on the physical condition of a property and outline any repairs needed. Inspection reports address potential issues that may affect safety or compliance, but they do not provide a valuation. Contract evaluation reports assess the terms and conditions of agreements, which is unrelated to property value assessment. Therefore, while the other options serve important roles within real estate transactions, only the appraisal report specifically aims to deliver an unbiased valuation of a property.