Appraise

To Appraise is to assess or evaluate something, usually its value, quality, or significance. It involves a careful examination and judgment based on specific criteria. The process can apply to tangible items like real estate, art, or jewelry, or intangible aspects like a person's performance, a project's success, or a business's potential. Appraising often requires expertise and objective analysis to arrive at a fair and informed conclusion. The goal is to provide an accurate understanding of the subject, supporting decision-making or establishing a basis for negotiation. The methods used will vary based on the subject, but all methods seek a reasoned judgment.

Appraise meaning with examples

• The real estate agent had to Appraise the property before placing it on the market. They assessed its condition, location, and comparable sales to determine a fair listing price. This involved inspecting the house, reviewing market data, and considering any renovations. The accurate appraisal was vital to attracting buyers and ensuring a successful sale.
• Before purchasing the antique vase, I asked an expert to Appraise it. They examined its craftsmanship, history, and any potential flaws. This in-depth evaluation confirmed its authenticity and determined its significant value. The appraisal allowed me to make an informed decision and be confident in the investment.
• The company hired a consultant to Appraise the marketing team's performance. The consultant analyzed their strategies, results, and team dynamics. The appraisal identified areas of strength, pinpointed areas needing improvement and provided recommendations for enhancing their effectiveness. This led to targeted training and improved efficiency.
• During the project's final review, we had to Appraise its success. We measured the results, identified lessons learned, and considered whether we met the initial goals. This included reviewing the budget, timeline, and impact on the business. The appraisal of the project’s performance helped inform future projects.
• An art collector wanted to Appraise a newly discovered painting before its auction. An art appraiser carefully examined the painting, noting its style, artist, and the materials used. The appraisal was critical to determine the painting’s market value and authenticity. The estimate made informed decisions and ensured fair bidding at the auction.