How much can you make as a real estate appraiser?
An average appraiser can earn $60,000 per year. Of course, this would consider experience. Thus, the more experienced an appraiser is then the more income he is going to get. There is no doubt some appraisers who have been in the business for many years now have a big income. The real estate industry is a good industry to get into because of the promising income. After all, being an appraiser is not as stressing as being a real estate agent. You may be going to lose sleep when you are an agent because you are going to think about how you are going to offer the latest properties to your client.
What is the role of a real estate appraiser?
The role of the real estate appraiser is giving you an idea of how much you can sell your property. This person is pretty familiar with the taxes that you would need to pay too to legally transfer the ownership. The person also prepares appraisal reports that would give a lot of important information regarding today’s hot properties. There is a lot of juicy information in those reports.
How long does it take to become a licensed real estate appraiser?
Before becoming a licensed appraise, you must complete 1,000 work hours under the supervision of a certified appraiser. That would usually take six months depending on how eager you are to go to work. Also, you would need to pass an appraisal exam before being certified. Preparing for that exam is a different story since there will be a ton of problem-solving situations. It will be worth it in the end because you are going to get a handsome income.
What does an appraiser look at?
An appraiser looks at the market value of various properties. The person will most likely look at how much the properties near you are worth. The real estate appraiser also looks at the condition of the property. He is going to tell you what today’s buyers are looking for. There is no doubt this person has dealt with numerous buyers and sellers in the past. Thus, the appraiser can give you a ton of tips regarding buying or even selling your property. The best part is those tips are free and you can use them for future transactions.