![]() ![]() Incomes range anywhere from $36,940 and $72,210, and like many other fields, this range will vary depending on your education and experience. The median pay for a real estate appraiser is $61,340 per year. This amount of time can vary depending on the property size, report type, and other factors like a lender or bank review. It often takes an hour or two to complete an appraisal, and you should receive the report within a few days. The mortgage lender or financing organization typically hires the appraiser. Appraisals are the key to ensuring the home buyer, mortgage lender, and seller receive an accurate estimate of the home's worth. With these skill sets, you'll be well-equipped to understand your client's needs, complete your appraisal, and clearly communicate your valuation. Soft skills like listening and verbal communication are equally important. Strong analytical, critical thinking and writing skills are a must for real estate appraisers.
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