5 Qualities Residential Appraisers Tend to Have

There’s no question that birds of a feather flock together. These are some of the qualities residential appraisers have that make them suited to the job of appraising.

1. Analytical

   This one seems pretty obvious. But one of the first qualities you need as an appraiser is the ability to gather data from multiple sources and make sense of them. You have to understand the market so you can justify their decisions. You also have to understand how to apply your knowledge to your reports.

2. Detail-Oriented

   Another obvious one. With all that goes into an appraisal report, if you’re not willing to put in the time to make sure your reports are correct, you can put yourself at risk. You know that the tools you use for your appraisals affect your appraisals and which ones you trust with your data and reputation.

3. Flexible

   As I’m sure you’re aware, the life of an appraiser is rarely dull. The ability to be flexible as a quality is a trade-off between having a steady income and doing what you need to make money. You have to spend time driving to and from properties, and you’re often up early in the morning or late at night to get everything done.

4. Principled

   It would be simple to let buyers and sellers, brokers and agents, etc. to influence your appraisals. You know the rules and regulations and how the real estate market depends on you to be independent and impartial. It can be tempting to change your report to meet someone else’s needs.

5. Innovative

   You have to keep up with the newest technology and how to use the technology to make yourself more efficient. Of all the qualities in this article, this one is often overlooked. As an appraiser, if you aren’t willing to adopt new technology you can get left behind.

This list is not an exhaustive list of the qualities it takes to be an appraiser. These qualities are merely a start. Each appraiser uses them differently and adapts and changes as needed.

What qualities do you think are necessary for appraisers? What changes have you seen in the industry and what do you expect to see in the next ten years?