J Strickland
Freshman Member
- Joined
- Mar 14, 2002
I am interested in becoming an appraiser, but trying to find a firm to work with is a challenge! I did find an article that made me really think about the future of the profession also. The following item is from the book noted at the end of the paragraph:
I should point out that there have been some predictions of dire downsizing of the appraising profession (more precisely, as it relates to the residential lending activity) based largely upon the impact of the computer. Lenders can now access real time information of comparable sales in seconds. Since their main concern is to verify that the property upon which they are considering making a loan has sufficient value, and since that is largely determined by what comparable properties are selling for, in many instances it is not necessary to hire an appraiser to do the research. They simply run the numbers and perhaps send someone out for a "drive by" to ensure the property is still in place and standing. You will want to keep close tabs on how this plays out if appraising is your choice of career fields. Your Successful Real Estate Career, Kenneth W. Edwards
Is this where it is headed? Any feedback would be appreciated.
Thanks,
Jeff
I should point out that there have been some predictions of dire downsizing of the appraising profession (more precisely, as it relates to the residential lending activity) based largely upon the impact of the computer. Lenders can now access real time information of comparable sales in seconds. Since their main concern is to verify that the property upon which they are considering making a loan has sufficient value, and since that is largely determined by what comparable properties are selling for, in many instances it is not necessary to hire an appraiser to do the research. They simply run the numbers and perhaps send someone out for a "drive by" to ensure the property is still in place and standing. You will want to keep close tabs on how this plays out if appraising is your choice of career fields. Your Successful Real Estate Career, Kenneth W. Edwards
Is this where it is headed? Any feedback would be appreciated.
Thanks,
Jeff