How much does an Appraiser Sr. (Residential Real Estate) make in the United States? The average Appraiser Sr. (Residential Real Estate) salary in the United States is $90,573 as of June 27, 2024, but the range typically falls between $73,114 and $104,740. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Appraiser Sr. (Residential Real Estate) Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Appraiser Sr. (Residential Real Estate) Salary $57,218 US June 27, 2024
25th Percentile Appraiser Sr. (Residential Real Estate) Salary $73,114 US June 27, 2024
50th Percentile Appraiser Sr. (Residential Real Estate) Salary $90,573 US June 27, 2024
75th Percentile Appraiser Sr. (Residential Real Estate) Salary $104,740 US June 27, 2024
90th Percentile Appraiser Sr. (Residential Real Estate) Salary $117,639 US June 27, 2024
25% $73,114 10% $57,218 90% $117,639 75% $104,740 $90,573 50%(Median) Didn’t find job title? Click
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What skills does an Appraiser Sr. (Residential Real Estate) need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Financial Services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.

3.

Real Estate Appraisal: Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value, for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized Walrasian auction like a stock exchange is unrealistic). The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property. Besides the mandatory educational grade, which can vary from Finance to Construction Technology, most, but not all, countries require appraisers to have the license for the practice. Usually, the real estate appraiser has the opportunity to reach 3 levels of certification: Appraisal Trainee, Licensed Appraiser and Certified Appraiser. The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in no less than 24 months respectively. Appraisers are often known as "property valuers" or "land valuers"; in British English they are "valuation surveyors". If the appraiser's opinion is based on market value, then it must also be based on the highest and best use of the real property. In the United States, mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report. Appraisals of more commercial properties (e.g., income-producing, raw land) are often reported in narrative format and completed by a Certified General Appraiser.

Customer Service 9.59%
Financial Services 2.87%
Real Estate Appraisal 2.05%
Others 85.49%
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Job Description for Appraiser Sr. (Residential Real Estate)

Appraiser Sr. (Residential Real Estate) conducts residential real estate appraisals to establish the market value generally used for lending, insurance, or other purposes. Follows standard processes for conducting on-site property inspections, data collection, and research relevant market conditions required to perform valuations. Being an Appraiser Sr. (Residential Real Estate) investigates the quality of the construction, the overall condition of the property, and the surrounding location. Uses generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Additionally, Appraiser Sr. (Residential Real Estate) utilizes appraisal software tools and databases. Ensures that reports comply with required policies, formats, and regulations. May require a bachelor's degree. May require the Member of the Appraisal Institute (SRA) or similar designation. Requires a State Appraiser License. Typically reports to a manager. The Appraiser Sr. (Residential Real Estate) work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Appraiser Sr. (Residential Real Estate) typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Appraiser Sr. (Residential Real Estate)

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Appraiser Sr. (Residential Real Estate), the upper level is Appraiser IV (Commercial Real Estate) and then progresses to Appraisal Manager.

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Appraiser Sr. (Residential Real Estate) salary varies from city to city. Compared with national average salary of Appraiser Sr. (Residential Real Estate), the highest Appraiser Sr. (Residential Real Estate) salary is in San Francisco, CA, where the Appraiser Sr. (Residential Real Estate) salary is 25.0% above. The lowest Appraiser Sr. (Residential Real Estate) salary is in Miami, FL, where the Appraiser Sr. (Residential Real Estate) salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for an Appraiser Sr. (Residential Real Estate), base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
73114
104740
90573

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
82613
110592
100975
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Appraiser Sr. (Residential Real Estate) in the United States. The base salary for Appraiser Sr. (Residential Real Estate) ranges from $73,114 to $104,740 with the average base salary of $90,573. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $82,613 to $110,592 with the average total cash compensation of $100,975.
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73114
104740

 

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Skills associated with Appraiser Sr. (Residential Real Estate): Real Estate Appraisal, Market Analysis, Data Collection, Appraisal Software ...More

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Appraiser Sr. (Residential Real Estate) Salary in United States
Appraiser Sr. (Residential Real Estate) Salary Graph, Regional Distribution and Summary