What are the pros and cons for being a real estate appraiser?

Question

I'm about to take a course on it and I was wondering if I was wasting my $1285 or not.

Answer 1

According to Money Magazine, real estate appraiser is in the top 10 "best jobs" in America. Good luck.

Answer 2

Before you invest that kind of capital, do you have a trainee sponsor? Taking the classes is the easy part about becoming an appraiser. Finding the apprenticeship is usually more difficult. It's the way the industry checks and balances its workforce.

Appraisal can be a lucrative career, but not without risk. Apprasial is one of the many professions that are subject to the same highs and lows as the Real Estate market itself. There is an ongoing movement in the residential sector for acceptance of AVM's, or computer appraisals. The good news is, there are infinitely more loan officers and real estate agents than appraisers. The bad news is, most Realtors think they can do your job and see you as the necessary evil blocking their commission check. After all, your appraisal is just your opinion and they have their own. The appraiser's opinion is the only value opinion that will help give the "yes" or "no" answer to several million dollars in loan amounts every year. Feelilng the pressure yet? We all do. Have you heard about the recent collapse of the sub-prime lending industry? You know there were some bad appraisers involved in that. One of the most frustrating things about appraisal is when somebody disgrees with your opinions without merit. Another dark side is when the deal falls through and their is no closing, and nobody is willing to pay for the appraisal. That's a hassle to collect. You can insist on pre-pay, but many other appraisers will let the fee "roll into closing".

Check my questions history in my profile. I answered a question yesterday about being a trainee apprentice. Appraisal is not all bad. I've been doing it for 10 years. There are many pros too, but I'm out of room.

Answer 3

Being An Appraiser

Answer 4

There aren't any professionals and cons. You might need to do your possess study and discover out if that is some thing you might care to do. While others might with ease revel in this role others might with ease stroll away in disgust. You could desire to discover an appraiser for your nearby town, see if you're competent to comply with this individual round for a number of days and get to understand the bits and bobs of the activity to comprise asking as many questions as you might desire. You could additionally don't forget asking should you might be competent to intern to your days off. Once you've gotten accrued adequate expertise you might be competent to make an smart determination as to whether this might be a profession area you might revel in. Because I like a apples does now not imply you're gonna like apples. I desire this has been of a few improvement to you, well good fortune. "FIGHT ON"