So, you’re interested in becoming a real estate appraiser. But how do you know if you’re a good fit for the appraisal profession? What does it take to achieve success in the industry? To help answer these questions, we’ve outlined eight characteristics of a successful real estate appraiser. If you possess all or most of these personality traits, chances are, you’d make an excellent appraiser.
The ability to form an unbiased, objective opinion of value is absolutely essential in this line of work. According to this survey, many appraisers agree that this is the single-most-important trait you need to have as a real estate appraiser. In order to provide trustworthy results and uphold the integrity of the appraisal profession, you must be unbiased. Otherwise, you risk losing your professional reputation.
Organization is also key to being a successful real estate appraiser. According to this survey, real-life appraisers agree that organization and time management are among the most essential skills for building a successful appraisal career. Time is money, after all. The more efficient you are, the more assignments you can complete per month and per year. Research shows that appraisers who excel at time management earn more.
Many appraisers are self-employed or own their own business. Therefore you’ll likely be your own boss. If you are driven to get your work done accurately and efficiently, seek out new clients, and continually grow and maintain your business, you’ll likely succeed. On the other hand, if you have trouble staying motivated, you’ll likely struggle with these aspects of the business.
It’s important for appraisers to be analytical, as each appraisal assignment will require thorough analysis and critical thinking.
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As an appraiser, patience is needed in order to complete your work without rushing, gather all the information you need and analyze it accurately, and stay on top of responding to calls, emails, and status update requests.
Appraisers must have the ability to embrace and adapt to rapid changes in the industry. This requires being flexible and open to learning new things, such as new skills and technology tools.
Those who embrace technology and work to stay up-to-date on the latest tech advances within the industry will have a better chance of success. Research shows that appraisers who adopt new technologies earn significantly more than appraisers who aren’t leveraging those tools.
Are you a naturally curious person? That sense of curiosity will come in handy in your work as a property appraiser. It will help you ask questions, dig up information, and discover all you need to form a reliable opinion of value.
Do you have the characteristics of a successful real estate appraiser? Get the education you need to launch your appraisal career right here at McKissock Learning.
Editor’s note: This post was originally published on December 8, 2020 and updated on April 5, 2022.