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What is a real estate appraiser career & how to become a real estate appraiser
To learn more about how to become a successful real estate appraiser, visit Chris’s website
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In this video, Chris Stafford explains what is a real estate appraiser, and how to become a real estate appraiser. A real estate appraiser works by him or herself a lot. In most states a real estate appraiser has to become licensed. You have to complete a uniform form for each appraisal.
As a real estate appraiser, when you go to each real estate appraisal assignment, you have to go to each house, take pictures, measure the building, find comparable properties, and then determine the value of the property.
A real estate appraiser values property in three ways. The first way in which a real estate appraiser values a property is the cost approach, which is a measurement of what it would cost to rebuild that real estate property. The other approach to appraise value of a real estate property is the capitalization approach, which is typically done for large buildings. Lastly there is the comparison approach to value a real estate property which is a matter of finding similar properties and see what the prices for them were. Being a real estate appraiser requires least marketing of yourself. Real estate appraisers work many hours, and they are mostly on their own.
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