What does an Appraiser do?
Published 2 min read
An appraiser is a person who estimates the value of property, usually for purposes of taxation or sale.
Appraiser job duties include:
- Researching the market value of properties
- Inspecting properties to estimate their value
- Considering factors such as location, amenities, and condition when appraising a property
- Analyzing trends in the real estate market to predict future values of properties
- Using computer software to generate reports detailing their findings
- Consulting with clients to discuss the value of their property
- Negotiating prices with buyers and sellers
- Testifying in court as an expert witness on behalf of either the prosecution or defense
- Writing articles or giving lectures on real estate appraisal topics
Appraiser Job Requirements
An appraiser is someone who is responsible for estimating the value of property. The job of an appraiser is important because they help to determine the worth of a property for tax purposes, insurance, and sale. Appraisers must have at least a high school diploma, although many have a college degree, and must be licensed in the state in which they work. Some states require appraisers to take continuing education courses in order to maintain their license. Appraisers typically have several years of experience working in the field before becoming certified.
Appraiser Skills
- Analytical skills
- Communication skills
- Research skills
- Observation skills
- Organizational skills
- Detail oriented
- Writing skills
- Computer skills
- Math skills
- Critical thinking skills
- Problem solving skills
Related: Top Appraiser Skills: Definition and Examples
How to become an Appraiser
To become an appraiser, you will need to have a strong knowledge of the market and the ability to accurately assess the value of property. You will also need to be licensed in your state and have the appropriate education and experience.
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Related: Appraiser Interview Questions (With Example Answers)