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Appraisers, Real Estate

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Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

    Work Activities
    • Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
    • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
    • Collect and analyze relevant data to identify real estate market trends.
    • Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
    • Examine income records and operating costs of income properties.
    • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
    • Search public records for transactions such as sales, leases, and assessments.
    • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
    • Verify legal descriptions of properties by comparing them to county records.
    • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
    • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
    • Obtain county land values and sales information about nearby properties to aid in establishment of property values.
    • Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.
    • Estimate building replacement costs, using building valuation manuals and professional cost estimators.
    • Draw land diagrams to be used in appraisal reports to support findings.
    • Testify in court as to the value of a piece of real estate property.
    Skills
    • Reading Comprehension

      Understanding written sentences and paragraphs in work related documents.

    • Active Listening

      Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

    • Critical Thinking

      Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

    WorkKeys®
    Applied Math
    5
    Workplace Documents
    5
    Graphic Literacy
    4
    Abilities
    • Oral Comprehension

      The ability to listen to and understand information and ideas presented through spoken words and sentences.

    • Written Comprehension

      The ability to read and understand information and ideas presented in writing.

    • Near Vision

      The ability to see details at close range (within a few feet of the observer).

    Knowledge
    • English Language

      Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

    • Mathematics

      Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

    • Computers and Electronics

      Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

    Career Video
    Additional videos and more information available on CareerOneStop
    Pay
    • Ohio Annual Salary $56,370/yr
    • Typical Salary
    • Ohio Hourly Wage $27.10/hr
    • Typical Hourly Wage
    Ohio Employment Trends
    • Currently Employed 2,250
    • Yearly Projected Openings 200
    Typical Education
    Personality
    Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:
    • Integrity
    • Attention to Detail
    • Analytical Thinking
    • Independence
    • Dependability
    • Persistence
    Tools
    • Personal digital assistant PDAs or organizers
    • Notebook computers
    • Laser measuring systems
    • Electronic charts or maps or atlases
    • Carbon monoxide analyzer
    Technology
    • Word processing software
    • Map creation software
    • Financial analysis software
    • Data base user interface and query software
    • Analytical or scientific software
    Tags
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.