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Am I crazy for trying to enter the appraisal industry at this time?

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Hi Rory and welcome to the profession. Just like any exclusive career made up of highly skilled thinkers, whether legal, accounting, architecture, engineering, etc., there are pros and cons to our world. We are the most targeted group politically, because we are a central cog in the country’s financial industry and put into place to keep fraud in check since FIRREA was passed in congress. Lessons of the past are forgotten when the country’s economy changes, so you need a thick skin.

I would suggest you befriend local banks and credit unions for their in-house work, while you establish your reputation. AMC work is available after you’ve stacked up some experience. Keep your eye on available private work, but I’d stay away from litigation initially. If you can find some honest realtors, make friends with them for possible referrals. Surveyors and draftsmen need to know who you are. CPA’s who handle real estate accounting need to know who you are. Real estate attorneys need to have your card, but be careful with their referrals until you have more experience and additional education in litigation defense.

The biggest hurdle for private work though is experience and affiliations. That comes more easily from cheaper in-house bank work up front until you have your foundation.

Having initials after your name, helps to overcome questions about your proven abilities, especially when you’re young. The ASA has chapters in Texas, and I hope you reach out to them.

Good luck to you. Message me anytime, if you need an ear or an opinion.
 
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There was good money to be made 30 years ago.
From what I hear about fees, it's better to go and invest into another more high growth field.
When times are good, money seems to be unlimited but when times are bad, it's bad.
If you have passion for appraising and real estate and don't care making lots of money, be an appraiser.
For me, I can't imagine ever retiring from appraising.
 
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