Real estate appraisers are responsible for assessing the value of a property. Most real estate appraisers are contracted by an individual or a business (via an appraisal company) to perform a series of routine checks that will go on record to establish a property's worth. Appraisers' duties vary based on type of property and specific circumstance. For example, assessing the value of a commercial building may take substantially longer than an assessment of a single home. However, appraisers working on personal homes typically deal with multiple jobs at a time.
Real Estate Appraiser Tasks
Conduct inspections of properties to identify factors which could influence property value.
Research property sales history, value of neighboring homes, and the value of homes in the region.
Calculate estimates of the value of property for sales, mortgages, and loans.
Create written reports detailing estimation process and results.