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      Home LAUNCH Business Ideas Real Estate

      Real Estate Appraiser

      ExpertHub Staff by ExpertHub Staff
      Nov 30, 2009
      in Real Estate
      13
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      Business At A Glance

      Real Estate Appraiser

      Startup Costs: $10,000 – $50,000
      Home Based: Can be operated from home.
      Part Time: Can be operated part-time.
      Online Operation? No

      Business Overview

      Real estate appraisers are specialists in estimating the value of landand the structures on that land. Real estate appraisals are commonlyrequired when people buy a home, sell a home, apply for or renew amortgage, for insurance purposes, to settle estates, and to settledivorce cases.

      It is the job of the real estate appraiser to prepare awritten description of the property, and draw a diagram of the propertythat shows structures. Appraisers must also verify legal descriptionsof the property with county or city records, along with an estimatedmarket value. Fair-market values are based on factors such as propertycondition, the values of homes in close proximity, and buildingreplacement costs, using building valuation manuals and professionalcost estimators.

      The Market

      Homeowners, mortgage brokers and escrow companies. The key to successin this industry are alliances. You need to build working relationshipswith other professionals who commonly need, or whose clients need, realestate appraisal services. These professionals include mortgagebrokers, bankers, real estate brokers, real estate agents, and realestate lawyers.

      ExpertHub Staff

      ExpertHub Staff

      ExpertHub’s award-winning team of Staff Writers deliver unique, insightful and curated content from successful business leaders, authors and subject matter experts. This highly-experienced team understands the information that business readers are looking for, what’s unique and impactful, and how to distil key ideas into actionable insights.

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