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2017 Annual Gross Income, No Expenses Survey

2017 Gross Annual Income, Per Person, No Expenses

  • Under $40,000

    Votes: 11 12.0%
  • $40,000 to $60,000

    Votes: 6 6.5%
  • $60,000 to $80,000

    Votes: 13 14.1%
  • $80,000 to $100,000

    Votes: 21 22.8%
  • $100,000 to $125,000

    Votes: 11 12.0%
  • $125,000 to $150,000

    Votes: 11 12.0%
  • $150,000 to $175,000

    Votes: 8 8.7%
  • $175,000 to $200,000

    Votes: 0 0.0%
  • $200,000 to $250,000

    Votes: 6 6.5%
  • Over $250,000

    Votes: 5 5.4%

  • Total voters
    92
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Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
D

Deleted member 134708

Guest
I’d guess $50k average for residential license and $125k for commercial license.

Residential I’d say is more than 1/2 part timers, semi-never retirees.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
I would think it depends upon your willingness to put in long hours for scumbag clients and the economics of your niche. Appraisers are subject to the S*** Sandwich Rule. The more bread you have the less s*** you have to take. Specialist do fewer jobs for more money but as Lenin said, "Quantity has a quality of its own." I doubt few single operating CG's make significantly more than CR's. Those who own and run larger offices make the most but appraise less and manage more relying upon employees to actually appraise. They make more due to their management & sales skills rather than their appraisal skills.
 

fritzvogel

Senior Member
Joined
Dec 16, 2004
Professional Status
Certified Residential Appraiser
State
New York
Could have made more, like someone else in my office, but I really limited the "Clients" that I was "Willing" to do biz with. My life and this profession are more important than
supporting an out of area AMC money machine living on the backs of appraisers that have no choice, or just can't say NO.
 

Rick Stillman

Senior Member
Joined
Jan 19, 2014
Professional Status
Certified Residential Appraiser
State
Colorado
Interesting that you should post this now. I just finished my business plan for 2018. It's very very simple.

3 jobs a week at $500 = $1,500 a week, $6K a month. Some jobs I make more, but this is a plan, not a week by week playcard to keep score.

I have done more in the past, but learned that this job will suck everything it can out of you. I have better things to do, since year after year I give this gig "one more chance to be profitable and enjoyable - and, you guessed it, it fails every time. My last actual good year was a decade ago.

My plan is to live off the appraisal income and launch something else from another venture. Being that I won't need to make money from it, I can grow it the way it should be grown. I should have done this five, six, years ago - but I kept thinking - it can't stay this bad forever! :huh:

To sum it up, use this to get a side gig going. When the side gig gets going, appraising becomes the side gig. Rinse and repeat.
 

Stone

Elite Member
Joined
Feb 1, 2002
Professional Status
Certified General Appraiser
State
Wisconsin
I would think it depends upon your willingness to put in long hours for scumbag clients and the economics of your niche. Appraisers are subject to the S*** Sandwich Rule. The more bread you have the less s*** you have to take. Specialist do fewer jobs for more money but as Lenin said, "Quantity has a quality of its own." I doubt few single operating CG's make significantly more than CR's. Those who own and run larger offices make the most but appraise less and manage more relying upon employees to actually appraise. They make more due to their management & sales skills rather than their appraisal skills.

I’m a single operating CG in a niche field and I probably make a little more than a standard CR single operator, but not much. That is partly because I don’t want to expand to other types of work, and partly because I decided not to hire employees or partner up with anyone once we bought a cabin. Didn’t want to be responsible for anyone else so I could work from either location when it suited me. I sometimes wonder if I should change that, but I get over it. :)
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
In 2016 I worked entirely too much and took assignments from clients that should not be in business. I made a ton of money but the headaches were not worth it. I did learn what it is like to work for garbage AMCs with former Taco Bell employees as reviewers. I learned that the AMC model is worse than it has ever been and that it is working for them. If they can conduct business in this way when they are desperate and begging for appraisers like they did in 2016 I can only imagine what it is like now.

I took no work from those companies in 2017 and have no regrets. I will have ~$15,000 less in total billable this tax season but my expenses will be a lot less than 2016. I will work less and my hourly earnings are more for 2017. In the desperation of 2016 by some I picked up two very good direct lenders who use me regularly now.

The desperate, nice lady on the phone tactic of the AMC no longer works for me. If it is an AMC the chances of the headaches are not worth it. Given the results of the survey so far I have nothing to complain about in terms of income.
 

bnmappraisal

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
I had a rough 2017. The past few years before I've been in the $60-80k range (2 of 3 were pushing the $80k range) but this last year was a bear. I ended up a little under $60k but on the bright side, my avg fee was higher than any of those other 3 preceding years. I'm looking forward to 2018
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
I only worked 10 months last year so my income is down. I completed about 160 VA Appraisals last year and about 20 to 30 FHA or conventional appraisals. Then there are the final inspections that had to be done. Not a bad year. My 2018 plan is to do 200 VAs and very few non VA appraisals.
 
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