Comments on: Is realestate appraising a good job to make decent money ? http://www.fordomo.com/realestate/is-realestate-appraising-a-good-job-to-make-decent-money Sat, 28 Jan 2012 06:39:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Pavel S http://www.fordomo.com/realestate/is-realestate-appraising-a-good-job-to-make-decent-money/comment-page-1#comment-680 Pavel S Thu, 28 Jan 2010 14:51:59 +0000 http://www.fordomo.com/realestate/is-realestate-appraising-a-good-job-to-make-decent-money#comment-680 I've been a Licensed Appraiser for roughly 9 years [Certified for the past 5 years]. The first few years are typically "brutal" because you must go through anywhere from two to three years of trainee duty. You start by finding a Supervisor that's willing to act as a mentor during your initial 2,000 hours of experience requisite [most States]. The income during this trainee period is anywhere from $10K to $40K per year, so pretty horrid by most living standards. The up-side is that once you get established and build your own practice; you have flexibility in your work schedule, the job is very enjoyable (IMO), and there's six-figure income potential for those willing to work hard and continuously market themselves. My recommendation is to approach appraisal as a part-time job and keep a primary source of income during the first two years (+/-) as a trainee. If you have a spouse that provides good income, then you may be able to jump in with both feet, but most people come aboard while carrying another job. I made the mistake of coming into the industry with no other income and it drained our hard-earned savings. Best of luck! Average salary varies by area, but I believe it to be $65K on a National basis [salary.com is way off!]<br><b>References : </b><br> I’ve been a Licensed Appraiser for roughly 9 years [Certified for the past 5 years]. The first few years are typically "brutal" because you must go through anywhere from two to three years of trainee duty. You start by finding a Supervisor that’s willing to act as a mentor during your initial 2,000 hours of experience requisite [most States]. The income during this trainee period is anywhere from $10K to $40K per year, so pretty horrid by most living standards.

The up-side is that once you get established and build your own practice; you have flexibility in your work schedule, the job is very enjoyable (IMO), and there’s six-figure income potential for those willing to work hard and continuously market themselves.

My recommendation is to approach appraisal as a part-time job and keep a primary source of income during the first two years (+/-) as a trainee. If you have a spouse that provides good income, then you may be able to jump in with both feet, but most people come aboard while carrying another job. I made the mistake of coming into the industry with no other income and it drained our hard-earned savings.

Best of luck! Average salary varies by area, but I believe it to be $65K on a National basis [salary.com is way off!]
References :

]]> By: Anthony http://www.fordomo.com/realestate/is-realestate-appraising-a-good-job-to-make-decent-money/comment-page-1#comment-679 Anthony Thu, 28 Jan 2010 14:04:59 +0000 http://www.fordomo.com/realestate/is-realestate-appraising-a-good-job-to-make-decent-money#comment-679 It may not be the best market to start in because a lot of appraisal companies are trying to stay "fed" rather than hire new appraisers. I would get a job lined up with a company, or at least talk to a local company and make sure you have an opening before investing in a class as a time like this in the market. If the school sell you on "job placement", hold them to it and them to speak to some of their RECENT graduates that have been placed and find out how they are doing.<br><b>References : </b><br>Licensed Real Estate Agent & Mortgage Lender http://www.consumersadvantagemortgage.com/ It may not be the best market to start in because a lot of appraisal companies are trying to stay "fed" rather than hire new appraisers. I would get a job lined up with a company, or at least talk to a local company and make sure you have an opening before investing in a class as a time like this in the market.

If the school sell you on "job placement", hold them to it and them to speak to some of their RECENT graduates that have been placed and find out how they are doing.
References :
Licensed Real Estate Agent & Mortgage Lender
http://www.consumersadvantagemortgage.com/

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