Tigger Is Bouncy
Freshman Member
- Joined
- Oct 10, 2007
- Professional Status
- Appraiser Trainee
- State
- Minnesota
Anyone else from MN around?
Hi; I was just cruising around to see what was going on in Minnesota. I grew up by Lake Lillian in west central Minnesota. I have not lived in Minnesota since 1968. I am an appraiser in Bakersfield, CA. My brothers and sisters still all live in Minnesota.
Hey Tigger it is a GREAT career choice. It is a lot of work. Some times it is VERY frustrating. It can be real good money. I have been doing this for four years now. Work is still fairly steady at this time, although I am down about 40% from the first of the year.
This industry is fine if you dont go the easy route. The easy route is working for some overworked residential appraiser that has no time or inclination to train you. He/she probably is good at networking and marketing and has a bunch of residential lenders that he/she is "in" with.
My advice is to go for a larger firm (there are plenty in the Twin Cities) that does commercial soley or commercial first and some residential (not primarily lending work), or an institution that hires appraisers such as FHA, VA, MNDot, the Feds, county assessors, etc. They pay pretty good and are stable while you are learning, taking your education, and mulling your options. Also, dont skimp on your education. Dont take the cheap classes from the large educator of real estate agents in town (we have all been there at least once).
The ones that took the easy route in the 1999-2003 boom years are probably already in another line of work. Their 'mentor' now has only enough work for himself and his son or closest relative.