Jun 28, 2017

How to Become a Residential Appraiser


Residential real estate is an important field that deals with the buying and purchasing of a variety of residential properties. Residential appraisers are highly trained professionals that focus on appraising many different types of property for residential purposes.

What does a residential appraiser do?

Residential appraisers perform appraisal tasks on homes or other residences that house from 1 to 4 families. They appraise properties to determine the value for sales, purchase, mortgage, loan, and investment purposes. They take a variety of factors into consideration such as income potential, value comparisons of similar properties, replacement costs, and depreciation. They also assess the neighborhoods, land, and surrounding areas and take trends or potential changes into consideration. Residential appraisers measure properties and inspect the condition, design, construction, and special features. They also search public records for additional information such as previous assessments, leases, and sales. Residential appraisers are also responsible for preparing detailed appraisal reports and they often take photographs and draw land diagrams to support their conclusions.

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What kind of training does a residential appraiser need?

Residential appraisers typically need at least a

Job prospects are expected to be good especially for residential appraisers with extensive experience and professional certification. Job opportunities will be the best in areas of active real estate markets.

How much do residential appraisers make?

As of 2012, the middle 50% of residential appraisers earn annual salaries between $38,015 and $48,524. The top 10% earn annual salaries of more than $52,503 (2).

A career as a residential appraiser is a great choice for people with a strong interest in estimating the value of many different types of residential properties. Residential appraisers must have a solid understanding of residential real estate and the necessary appraisal procedures. Solid math and business skills, detail orientation, good analytical skills, and precision are necessary characteristics. Residential appraisers must have excellent communication and interpersonal skills because they work with a variety of buyers, sellers, and other professionals. They must also be able to effectively work independently as well as part of a team.




Becoming a Residential Appraiser Requires Skills & Training 

Are you serious about becoming a Residential Appraiser? Then you need to get the required skills and training to do it! To start your new career, first you must decide what school you want to enroll in, so you need to gather info about potential schools. Use the College Mouse Degree Search tool to find the right course and college for you, and get started towards your new dream job today! If you want more personalized assistance, call (888) 389-7996 TOLL FREE to speak with a college advisor, who will help you find the best college for you. After you sign up for your course, make sure you fill out and submit the FAFSA so you can take advantage of any financial aid currently available to you!

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