What does a real estate appraiser do? make sure you're on a federal government site. The appraiser inspects the state of the foundation and roof, drains, windows, screens, decks, patios and balconies. “Appraisers look at everything. SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program. Appraisers and assessors of real estate provide a value estimate on land and buildings. The appraiser will use real estate databases like the MLS (Multiple Listing Services) and other public records to search for recently sold homes that are the closest match to the property in terms of its geographic location, its size, age, condition, view and so on. Last Modified Date: Get quick and easy access to your home value, neighborhood activity and financial possibilites. at https://www.bls.gov/ooh/business-and-financial/appraisers-and-assessors-of-real-estate.htm (visited December 18, 2020). Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards. It’s natural because most people’s only experience with an appraiser is when they buy a home. For assessors, most states set education and experience requirements that they must meet in order to practice. The lowest 10 percent earned less than $31,160, and the highest 10 percent earned more than $104,540. Assessors and appraisers tend to take the same courses for certification. However, the amount of work you do depends on the amount your supervisory appraiser allows you to do. Appraisers can have part-time or full-time hours, work independently, with other appraisers or for a firm.Some government lending agencies hire appraisers as do private lending institutions. The entry-level state license category typically does not require a bachelor’s degree. Real Estate Appraiser Job Description, Key Duties and Responsibilities This post presents exhaustive information on the job description of a real estate appraiser, to help you understand the work they do. What Does a House Appraiser Look For?. Appraisals are almost always used in purchase-and-sale transactions and commonly used in refinance transactions. Generally, these will be houses in the same neighborhood as the one being offered for sale. There are many reasons why you need a real estate appraisal. Defend appraisals in formal and informal appeal proceedings. Unlike appraisers, assessors have no federal requirement for certification. ©1995-2020 National Association of REALTORS® and Move, Inc. All rights reserved.realtor.com® is the official site of the National Association of REALTORS® and is operated by Move, Inc., a subsidiary of News Corp. Angela Colley writes about real estate and all things renting and moving for realtor.com. 3. Typically, your lender will choose an appraiser. 2. However, not all states require appraisal certification, so do some research into appraisal value before you start. The average income for home appraisers is $60,287 as of 2020, according to PayScale, although a certified residential real estate appraiser may earn $150,000 or … The median annual wage for appraisers and assessors of real estate was $57,010 in May 2019. Getting into a Real estate career . What do Appraisers Look for When They Value Your Home? In order to become a Licensed Residential Appraiser, and earn the right to do appraisals on your own, most states require you to become a Trainee Appraiser and obtain experience. 4. So, you want to become a real estate appraiser. The buyer is entitled to see the appraisal, but not the seller, … What do appraisers look for outside? 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