How to Become an Appraiser (Residential Real Estate)

Step 1: Understand the job description and responsibilities of an Appraiser (Residential Real Estate)

What does an Appraiser (Residential Real Estate) do?

AN Appraiser (Residential Real Estate) investigates the quality of the construction, the overall condition of the property, and its functional design in order to estimate the fair market value to serve as collateral for a mortgage loan. Compiles sales and legal data, expenses, and land values for analysis. Being an Appraiser (Residential Real Estate) provides consultation for property issues that need to be addressed. May hold an appraisal designation. Additionally, Appraiser (Residential Real Estate) may require a bachelor's degree. Typically reports to a supervisor or manager. The Appraiser (Residential Real Estate) gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be an Appraiser (Residential Real Estate) typically requires 2 to 4 years of related experience.

People's Opinions on Appraiser (Residential Real Estate) responsibilities

Appraisers estimate the values of properties before a final sale.

02/04/2020: Greensboro, NC

Residential appraisers are expected to exercise good judgment, to give an expert analysis to the parties involved in a property sale.

01/11/2020: Bismarck, ND

Compute final estimation of residential property value, considering replacement costs, depreciation, value comparisons and income potential of similar properties.

01/27/2020: Manchester, NH

The level of education needed to become an appraiser depends on the appraising you wish to do.

02/12/2020: Battle Creek, MI

A real estate appraisal establishes a property's market value – the likely sales price it would bring if offered in an open and competitive real estate market.

01/31/2020: Racine, WI

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Step 2: Learn best tips to become an Appraiser (Residential Real Estate)

Best tips for those who want to become an Appraiser (Residential Real Estate)

Here are some tips to become an Appraiser (Residential Real Estate).

Step 3: View best colleges and universities for Appraiser (Residential Real Estate)

Best colleges and universities for Appraiser (Residential Real Estate)

SUNY College of Technology--Alfred
Manhattan College
Pennsylvania College of Technology
SUNY College of Technology--Delhi
Vermont Technical College
Tuskegee University

Step 4: Think about whether is it worth to be an Appraiser (Residential Real Estate)

Is being an Appraiser (Residential Real Estate) Worth it?

People's Opinions on lifestyles

A real estate appraisal establishes a property's market value – the likely sales price it would bring if offered in an open and competitive real estate market.

12/14/2019: New Britain, CT

Appraisers are licensed by states after completing licensing coursework and internship hours.

01/01/2020: New Orleans, LA

Appraisals are very detailed reports based on an appraiser's on-site evaluation of a property as well as an evaluation of sales data.

12/15/2019: Altus, OK

Listing photos that make a low-priced house look like a charming fixer-upper can conceal major issues, Corning, New York, real estate agent Jennifer.

01/10/2020: Harlingen, TX

An appraiser's key objective is ensuring the property is a sound investment for your lender.

12/11/2019: Las Cruces, NM

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Step 5: Prepare relevant skills for being an Appraiser (Residential Real Estate)

What skills do you need to be an Appraiser (Residential Real Estate)?

There are skills required to succeed in every role, and this one is no different. Strategic knowledge of the follow skills will be required: Real Estate Appraisal, Real Estate Valuation Auditing, Real Estate Valuation Quality Assurance. Your ability to stand out from the competition depends on these skills, as well as your resume, interview, and other factors.

People's Opinions on Appraiser (Residential Real Estate) skills

The appraiser must be an objective third party, someone who has no financial or other connection to any person involved in the transaction.

01/18/2020: El Paso, TX

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Step 6: View average salary for Appraiser (Residential Real Estate)

How much does an Appraiser (Residential Real Estate) make?

The average salary range for an Appraiser (Residential Real Estate) is from $45,644 to $64,020. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for an Appraiser (Residential Real Estate)

$45,644 to $64,020