Appraises real property to determine its value for purchase, sales, investment, mortgage or loan purposes.
This career is part of the Government and Public Administration cluster Revenue and Taxation pathway.
A person in this career:
- Computes final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepares written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Collects and analyzes relevant data to identify real estate market trends.
- Inspects properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
- Examines income records and operating costs of income properties.
- Evaluates land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
- Searches public records for transactions such as sales, leases, and assessments.
- Checks building codes and zoning bylaws to determine any effects on the properties being appraised.
- Verifies legal descriptions of properties by comparing them to county records.
- Interviews persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
Dig into the details and check
out what people in this job
have to say about their work.