Love your videos, they are relatable because I’m also a young appraiser Trainee working in Tallahassee, FL. I do exactly what you’re talking about on a daily basis. Keep up the good work.
Hey thanks for the video. Your advice is thorough and informative. I’m retired navy & I’m interested in engaging in this field of work. Can you tell me how can I get started? and what would you recommend a beginner to research or master before fully committing to this career? Are there benefits in retirement?
Hi David. Thanks for commenting. I would recommend starting off by seeing what are the requirements are in your state. Your state might have an appraiser certification and licensing board or bureau. Check what the education requirements are for trainees, residential, and commercial/general appraisers. Secondly, see if there’s a demand for trainees in your area. Also research if any supervisors are hiring trainees since you’ll need them to sign off on your hours. Check to see if your potential employer will pay for your education costs or if those will be out of your pocket. Only after you’ve done all that would I recommend considering this career. As for retirement, it depends. If you’re self-employed or working for a small office, probably not. If you’re working for a larger firm, you’ll have better chances of retirement benefits like 401K/HSA contributions. Hope that helps!
Very helpful and concise breakdown, thanks David! Will definitely refer back to this video when I’m taking on new assistants to train so that they can have a better understanding of their role in the appraisal process!
Hey David, great content! What is the best way to get started as a trainee if you have no connections? Did you just start randomly e-mailing appraisal firms?
Thanks! That’s one way to do it. I recommend applying to a bunch of valuation roles. What you can also do is research the names of the senior appraiser in those offices and send an email. Best of luck!
Hi! I have been going through your content and I am loving it, it's very honest and informative. I'm interested in home appraising but it is so hard to find information about this field. It seems, to me, that finding all of the information about the properties you are appraising would be more difficult, time consuming, and a little overwhelming than I realized, (like the measurements and details about the properties). So I just wondered how long it takes on average to accurately appraise a property and if finding all of the details about the property is simple once you've had enough schooling? Thanks!
It depends. Sometimes we're lucky and we can get a prior building sketch from a county/assessor which we can use as a reference when we re-measure the subject property. Time-wise and depending on the size, it can take anywhere from half an hour to an hour for an inspection visit.
Nice! I'm a newer trainee in SWFL at small office. My supervisor is a Cert Gen, but does both Res and and Com assignments. Ive only assisted on the Res jobs so far, but hoping to get some Com experience soon. How far along are you on your training/experience? Good to hear you share your experience and what you do. Thanks!
I’ve been in the industry since April 2019. Finished all my classes and hours. Submitted my application to state in November 2022. Currently dealing with a third report audit with the state. If everything works out and I pass the audit, I’ll be able take the Certified General exam in two months.
I can’t speak for others but I made 50K for the first two years, then third year I made 100K. With the recession, it slowed down our pipeline and hurt our fees. I’m expected to make roughly 60K to 70K this year. Please keep in mind I’m a commercial trainee and not a licensed appraiser.
Right now it’s extremely difficult as work is slower than prior years due to the recent interest rate hikes. Uncertainty in the market has made it more difficult for commercial deals to happen, thus decreasing the overall commercial pipeline. I generally recommend checking out the larger brokerages and see if they have a “valuation analyst” or “valuation associate” available. I would check CBRE, JLL, Newmark, Cushman & Wakefield, and Colliers. You can always check on their websites, LinkedIn, Indeed, ZipRecruiter, etc. Best of luck!
Love your videos, they are relatable because I’m also a young appraiser Trainee working in Tallahassee, FL. I do exactly what you’re talking about on a daily basis. Keep up the good work.
Thank you! You got this!
You always have tons of great information. Thank you
Thank you! Glad you found the information useful.
Hey thanks for the video. Your advice is thorough and informative. I’m retired navy & I’m interested in engaging in this field of work. Can you tell me how can I get started? and what would you recommend a beginner to research or master before fully committing to this career? Are there benefits in retirement?
Hi David. Thanks for commenting. I would recommend starting off by seeing what are the requirements are in your state. Your state might have an appraiser certification and licensing board or bureau. Check what the education requirements are for trainees, residential, and commercial/general appraisers. Secondly, see if there’s a demand for trainees in your area. Also research if any supervisors are hiring trainees since you’ll need them to sign off on your hours. Check to see if your potential employer will pay for your education costs or if those will be out of your pocket. Only after you’ve done all that would I recommend considering this career.
As for retirement, it depends. If you’re self-employed or working for a small office, probably not. If you’re working for a larger firm, you’ll have better chances of retirement benefits like 401K/HSA contributions. Hope that helps!
Very helpful and concise breakdown, thanks David! Will definitely refer back to this video when I’m taking on new assistants to train so that they can have a better understanding of their role in the appraisal process!
Glad it was helpful!
Hey David, great content!
What is the best way to get started as a trainee if you have no connections? Did you just start randomly e-mailing appraisal firms?
Thanks! That’s one way to do it. I recommend applying to a bunch of valuation roles. What you can also do is research the names of the senior appraiser in those offices and send an email. Best of luck!
Hi! I have been going through your content and I am loving it, it's very honest and informative. I'm interested in home appraising but it is so hard to find information about this field. It seems, to me, that finding all of the information about the properties you are appraising would be more difficult, time consuming, and a little overwhelming than I realized, (like the measurements and details about the properties). So I just wondered how long it takes on average to accurately appraise a property and if finding all of the details about the property is simple once you've had enough schooling? Thanks!
It depends. Sometimes we're lucky and we can get a prior building sketch from a county/assessor which we can use as a reference when we re-measure the subject property. Time-wise and depending on the size, it can take anywhere from half an hour to an hour for an inspection visit.
Nice! I'm a newer trainee in SWFL at small office. My supervisor is a Cert Gen, but does both Res and and Com assignments. Ive only assisted on the Res jobs so far, but hoping to get some Com experience soon. How far along are you on your training/experience? Good to hear you share your experience and what you do. Thanks!
I’ve been in the industry since April 2019. Finished all my classes and hours. Submitted my application to state in November 2022. Currently dealing with a third report audit with the state. If everything works out and I pass the audit, I’ll be able take the Certified General exam in two months.
@@davidtranpdx kind of crazy how long things take. Hope all goes well!
What is a realistic income you can make mid career as a commercial appraiser?
I can’t speak for others but I made 50K for the first two years, then third year I made 100K. With the recession, it slowed down our pipeline and hurt our fees. I’m expected to make roughly 60K to 70K this year. Please keep in mind I’m a commercial trainee and not a licensed appraiser.
How hard is it to find jobs as a commercial appraiser? Are there a lot of jobs in every market or would you have to move to work
Right now it’s extremely difficult as work is slower than prior years due to the recent interest rate hikes. Uncertainty in the market has made it more difficult for commercial deals to happen, thus decreasing the overall commercial pipeline.
I generally recommend checking out the larger brokerages and see if they have a “valuation analyst” or “valuation associate” available. I would check CBRE, JLL, Newmark, Cushman & Wakefield, and Colliers. You can always check on their websites, LinkedIn, Indeed, ZipRecruiter, etc.
Best of luck!
Is the discord still up?
Yes, it’s at bit.ly/appraisaldiscord
Great content, thank you!