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Any Good News ?

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SunnyJo

Freshman Member
Joined
Jun 20, 2008
Professional Status
General Public
State
Ohio
I've read many of the threads regarding becoming an appraiser and find it to be quite disenchanting/discouraging. Working for two years for virtually NO pay is hard to swallow when just to begin those two years as an Apprentice a lot of schooling/studying is required.

Is it going to be worth it? How enjoyable will those two years be? Any encouraging advice ??

The ultimate Appraisal job sounds Perfect for me but getting there....

Thanks !
 

Daystar

Member
Joined
Sep 7, 2006
Professional Status
Certified Residential Appraiser
State
New York
I really wish I had some good News.

We are in a tough enviroment at the moment. I am sure when things turn around there will not be enough appraisers to fill the void, but who knows when that is going to be.
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
None that I can think of..
 

Smokey Bear

Elite Member
Joined
Dec 8, 2004
Professional Status
Certified Residential Appraiser
State
California
My PokeyBus hasn't broken down in a month or two - of course I can't afford the gas to drive it much. Other than that, my cats are healthy, I have a roof over my head, even if it's temporary, and I'm healthy as well. That's good news.
 

TEL2002

Elite Member
Joined
Jan 16, 2002
Professional Status
Retired Appraiser
State
Louisiana
SunnyJo

Where are you in Ohio? Send me an email or PM me with contact info and I will be glad to talk to you about appraisal life & training in Ohio.
 

DTB

Elite Member
Joined
Jun 11, 2004
Professional Status
Certified Residential Appraiser
State
Illinois
Yup!

Got one of those professionally appraised condo REOs today. Listed for 83.5K, offered 93K just to be sure and ... bingo. 10K fixup and she'll be gone in a month... around 148K.

Good news indeed!
 

The Warrior Monk

Moderator
Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
I've read many of the threads regarding becoming an appraiser and find it to be quite disenchanting/discouraging. Working for two years for virtually NO pay is hard to swallow when just to begin those two years as an Apprentice a lot of schooling/studying is required.

Is it going to be worth it? How enjoyable will those two years be? Any encouraging advice ??

The ultimate Appraisal job sounds Perfect for me but getting there....

Thanks !

I've been appraising since 1990. The current is very bad for prospective appraisers, especially those with no contacts in the business. Most appraisers start out in the residential lending side of the business, and that part of the business is very oversupplied with appraisers, with a workload that has diminished and not likely to come back any time soon.

If one is serious about getting in this business, the commercial route is the way to go. I recommend having as stellar qualifications as one can have, and that would mean a four-year degree, plus all courses taken through the Appraisal Institute. During the time of obtaining the education requirements, I recommend making the necessary contacts. Good commercial appraisers are still needed, but one has to stand out from the crowd.
 

Greenback

Senior Member
Joined
Apr 20, 2007
Professional Status
Appraiser Trainee
State
Louisiana
Two years? I'm approaching 3 years as a State Licensed Appraiser Trainee. I haven't completed half the credits needed. Meaning, I haven't turned in any experience credits yet because I haven't reached half of 250 credits needed for experience.

There are some form fillers around here that get certified with a snap of a finger, though. (always in two years)

I wish it was two years, but how the hell could I learn anything in two years? The minimum of two years for residential is a joke, in my eyes. Getting certified for most, from what I see, is a number hitting game, just like the real world.

State boards go by numbers, not progress and rarely go by quality. USPAP has minimum requirements that contribute, as well.

FAST FAST FAST FAST FAST and NUMBERS NUMBERS NUMBERS NUMBERS!
(Like my MAI Supervisor likes to say, "Benji, it's just a residential").

It will be yeeeeeaaaaaarrrss before I become certified...

Sincerely,
 

WallyII

Sophomore Member
Joined
Apr 28, 2007
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
California
I've read many of the threads regarding becoming an appraiser and find it to be quite disenchanting/discouraging. Working for two years for virtually NO pay is hard to swallow when just to begin those two years as an Apprentice a lot of schooling/studying is required.

Is it going to be worth it? How enjoyable will those two years be? Any encouraging advice ??

The ultimate Appraisal job sounds Perfect for me but getting there....

Thanks !

Very enjoyable! I started working for my local county assessor 3 years ago and have loved it. I can't think of a better way gain needed experience and geographical competence.
My "hours" might not end up being recognized by the OREA, but none the less I'm in a career that I'm passionate about. Coming from the accounting world, I can appreciate a job that doesn't make you curse the alarm clock every morning!
Good luck to you. There are more options in the appraisal industry than one would imagine.
 
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