Avg. Base Salary (USD)
The average salary for a Real Estate Appraiser, Residential is $57,648
What is the Pay by Experience Level for Real Estate Appraiser, Residentials?
An entry-level Real Estate Appraiser, Residential with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $44,219 based on 6 salaries. An early career Real Estate Appraiser, Residential with 1-4 years of experience earns an average total compensation of …Read more
What Do Real Estate Appraiser, Residentials Do?
A residential real estate appraiser assesses homes' values for loan, tax, insurance, and other purposes. The appraiser evaluates single-family homes, land, and condominiums, among other residential properties. To obtain an objective and accurate valuation for property, the appraiser needs examine factors such as the history of the property, market trends, an in-person assessment of its condition, and the selling prices of similar homes in the area. After the appraisal has been carried out, the …Read more
- Calculate estimates of the value of property for sales, mortgages, and loans.
- Create written reports detailing estimation process and results.
- 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.