Do real estate appraisers make good money?

The average income for home appraisers is $60,040 as of 2020, according to PayScale, although a certified residential real estate appraiser may earn $100,000 or more, as they become more experienced. 1 A trainee earns considerably less with annual earnings before taxes as low as $20,000.

Is real estate appraisal a dying profession?

Every year, for the past eight years, the number of active real estate appraisers has declined. The Appraisal Institute (AI) estimates that the number of appraisal professionals is currently shrinking at three percent a year and warns that sharper declines may be on the horizon as appraisers begin retiring en masse.

Is becoming an appraiser worth it?

“Great flexibility and good income.” The amount of income of an appraiser earns depends on many factors, including license level, years of experience, and key competencies. On average, licensed appraisers earn $69,167 a year, certified residential appraisers earn $71,667, and certified general appraisers earn $87,685.

Is appraisal a good career?

Yes, being an appraiser is a good career, because it’s in strong demand and offers a flexible working schedule. The profile is also non-sales oriented and comes with an excellent earning potential. Plus, field appraisers get to spend part of their workday out in the field inspecting properties.

Are refinance appraisals higher?

The refinance appraisal will usually be higher than the other types of appraisals because it is in the bank’s best interest to loan you money and make sure that the property appraises at a high price.”

Do appraisers look at zestimate?

“Come take a look at this incredible value, under-priced a hundred thousand below assessed value.” The assumption the agent would have you believe is that the assessed value is the market value. Sorry, guys, it isn’t! House appraisers also do not look at the Zillow value of your home either!