Real Estate Appraisers appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Collect and analyze relevant data to identify real estate market trends.
- Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
Real Estate Appraisers with little to no experience tend to make between $29690 and $40310 while the more experienced ones can earn over $77290 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Real Estate Appraiser is to move to a higher paying state like NV. Right now, the highest paying states for Real Estate Appraisers are NV, DC, CA, CO and IA.
However, a higher pay at NV doesn’t guarantee that you will make more because the living expenses at NV might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Real Estate Appraiser is the degree you hold, the industry you work in, and lastly the company you work for.
We asked other Real Estate Appraisers what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by an Associate’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
|Real Estate Development|
Pros and Cons
Here are some of the pros and cons of being a Real Estate Appraiser.
|Suitable for people who likes to start and carry out projects|
|Suitable for people who wants independence and likes to work on their own and make decisions|
|This career is perfect for people who love to work indoors.|
|Good salary (earns more than 50% of the careers out there)|
|Not suitable for people who likes to work with designs|
|It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
What is the job like
72% of Real Estate Appraisers said they were satisfied with their job and 41% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..
They also like following set procedures and routines. They like working with data and details more than with ideas.
Related career information
Real Estate Appraisers job description, Real Estate Appraisers salary, Real Estate Appraisers information, what is the job of a Real Estate Appraiser like, pros and cons about Real Estate Appraisers, colleges and universities for Real Estate Appraisers, is Real Estate Appraisers the right career for me, careers in Business and Finance
Appraiser, Bank Appraiser, Certified Real Estate Appraiser, Certified Residential Real Estate Appraiser, Commercial Real Estate Appraiser, Engagement Director, Home Appraiser, Licensed Appraiser, Property Appraiser, Real Estate Appraiser