Profession property appraiser

Property appraisers undertake detailed analysis and investigation of properties in order to determine their value for sales, mortgage and insurance purposes. They compare the value of properties taking into account the age, actual state of property, its quality, repairs needed and overall sustainability. Property appraisers make an inventory of fixtures, compose a schedule of condition of property and prepare appraisal reports for both commercial and residential properties.

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Personality Type

  • Conventional / Enterprising
  • Conventional / Realistic
  • Enterprising / Conventional

Knowledge

  • Energy performance of buildings

    Factors that contribute to lower energy consumption of buildings. Building and renovation techniques used to achieve this. Legislation and procedures regarding energy performance of buildings.

  • Property law

    The law and legislation that regulates all the different ways to handle property, such as the types of property, how to handle property disputes and property contract rules.

  • Risk management

    The process of identifying, assessing, and prioritising of all types of risks and where they could come from, such as natural causes, legal changes, or uncertainty in any given context, and the methods on dealing with risks effectively.

  • Insurance law

    The law and legislation concerning the policies of transferring risks or losses from one party, the insured, to another, the insurer, in exchange for a periodic payment. This includes the regulation of insurance claims and the business of insurance.

  • Real estate market

    The trends concerning the buying, selling, or renting of property, including the land, buildings, and natural resources encompassed within the property; the categories of residential properties and properties for business purposes which such properties are traded in.

Skills

  • Perform property market research

    Research properties in order to assess their usefulness for real estate activities, using various methods such as media research and visitation of properties, and identify the potential profitability in the development and trading of the property.

  • Value properties

    Examine and evaluate land and buildings in order to make valuations about their price.

  • Obtain financial information

    Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

  • Advise on property value

    Advise property owners, real estate professionals, or prospective clients in real estate on the current monetary value of a property, the potential of development in order to increase the value, and other relevant information concerning the property's value in the future developments of the real estate market.

  • Organise a damage assessment

    Organise a damage assessment by indicating an expert to identify and examine the damage, give information and instructions to experts and follow up on the experts, and write a damage report.

  • Compare property values

    Obtain information on the value of properties comparable to a property which is in need of valuation in order to make more accurate appraisals and assessments, or to set or negotiate the price at which the property can be sold or leased.

  • Examine the conditions of buildings

    Monitor and assess the conditions of buildings in order to detect faults, structural problems, and damages. Assess general building cleanliness for grounds maintenance and real estate purposes.

  • Collect property financial information

    Collect information concerning the previous transactions involving the property, such as the prices at which the property had been previously sold and the costs that went into renovations and repairs, in order to obtain a clear image of the property's value.

  • Make an inventory of fixtures

    Draw up a detailed overview of the fixtures, fittings and furnishings present in the accommodation.

  • Analyse insurance risk

    Analyse the probability and size of the risk that is to be insured, and estimate the value of movable or immovable property of the client.

Optional knowledge and skills

check construction compliance compile appraisal reports provide information on properties communicate problems to senior colleagues analyse insurance needs perform field research architecture regulations concurrent estate advise on risk management building codes read standard blueprints fire safety regulations construction methods

Common job titles

  • Residential appraiser
  • Professional, residential appraiser -tarrant county, tx
  • Residential field staff appraiser - nashville
  • Appraisal trainee
  • Remote staff appraiser
  • Janitorial & cleaning / light maintenance
  • Residential staff appraiser - valuation specialist 1
  • Vice president-appraiser-property tax specialist-jacksonville
  • Residential valuation analyst - north district office
  • Quality control staff appraiser