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Appraiser Earnings

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mark peters

Thread Starter
Freshman Member
Joined
Jul 22, 2002
Well, I think I will try to tread lightly after the response the real estate agent received.

I am an appraiser in Las Vegas, NV. and am considering moving to California (Riverside County) and am trying to find out what the "base" salary or fee split percentage might be for an experienced licensed residential appraiser. Is the job market saturated with appraisers? Do I actually have a shot at making a good living even in California with the high cost of living and skyrocketing housing prices?

I know this is a touchy subject so I would be happy with just a
<span style='color:red'>"Range of Income"</span>
The response to this ad is due in 48 to 72 hours. :D (ha ha)
Thanks
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
You are really asking for it, aren't you? If you are already a licensed appraiser you should know the answer. It depends on who you work for, your experience and how hard you want to work. This is a commission business and there is no set salary or projected income. If you are already an appraiser,can you project your income each year? I have been appraising for over 11 years, 8 on my own and the market, my salesmanship, ability and expenses preclude what I can make. I still can not predict or project what I will make each year. I know what I wish for, but that is not a very good way to project income.
 

Charlotte Dixon

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Delaware
Mark,

Depending on market conditions in your area, depending upon the appraiser you work for, depending upon the fee split, depending upon the number of appraisals you are assigned, depending upon your communication skills, depending upon your grasp of the English language, depending upon your ability to remain composed and professional when spoken to in a rude and obnoxious manner (either by a loan officer, real estate salesperson or borrower) depending upon your ability to "get tough" when calling lenders about the past due invoices, depending upon your ability to leap from small buildings in a single bound, depending on how bad your allergies are, depending upon your motivation, depending upon your speed, depending upon your organizational skills, depending upon the availability of comparable data, depending upon your access to public records, depending upon your computer and software, depending upon having a digital camera, depending upon your ability to send reports over the internet, depending upon the reliability of your car, depending upon having enough charge power on your credit card to fix the car and/or replace the computer & digital camera, and depending upon the minimum amount of sleep your body requires to function.....You could rake in between $15,000 and $175,000 a year. But, that's all depending. It's a great life! :roll:
 

Dale Smalley

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Just tell us how you want to make and we will find 3 appraisers to bracket the number. :p
 

BigBlueGA

Junior Member
Joined
Mar 13, 2002
Professional Status
Certified General Appraiser
State
Georgia
Whoever is making the $175,000, please speak up and email me some driving directions to your area... :)
 

Em Tee

Senior Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
Dale:

Kudos for the BEST response possible!!!! ROTF LMAO :lol:
 

Dee Dee

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Dale,

:lol: :lol: :lol: :lol:


Dee Dee
 

BarbaraNJ

Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
New Jersey
I will agree with many of the previous posts, the Award for the Best Response so far goes to Dale; however, I find that Charlotte's post is the most accurate!!

That having been said, it seems that no one is really addressing Mark's concerns. I can't help him, being on the right (not left) Coast.

I have read many posts and while $$$$$ is rarely spoken of, there have been references to fees. It seems that the "typical" fee for a single family "full" can range from $200 to $400 (non-RELO). Can anyone tell him what the typical fee in that Calif. area is, and if the fee split is any different from Nevada? For instance, he May have to do four jobs in CA to make what he does in NV for three jobs.

He also seems to want some guidance from anyone in the area as to current volume and if y'all are very busy or snoozing by the fax waiting for ONE order to come in.

If you're heading East, Mark, I can supply at least that data for you. Hope someone in CA is reading this and can get you the info you need to make a decision. Bear in mind that it's not Good News that the area will have to support yet another appraiser, so your relocation is not happy news !!!

Sorry for the serious tone.....I have to admit that the witty answers are sure more entertaining !!!!


______________________________

The Harder I Work, The Luckier I Get
 

MARKETVALUE

Sophomore Member
Joined
Feb 11, 2002
Professional Status
Certified Residential Appraiser
State
Georgia
Dale best post i've seen in a while......

Income is easy take your gross cash basis revenue deduct your liabilities, dont forget the IRS, and whatever you have left over is what you make.


MRM
 
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