We want estimators to be:
Unbiased -- The expected value of the estimator is the
same as the parameter it is estimating.
Consistent -- As the sample size increases, the
estimator gets closer to the parameter. (Proper
definition: consistent
estimator.)
Efficient (or relatively efficient) -- The
estimator you're using is at least as good as any other estimator.
(Proper definition: efficient
estimator)