Appraises real property to determine its value for purchase, sales, investment, mortgage or loan purposes.
This career is part of the Government and Public Administration cluster Revenue and Taxation pathway.
A person in this career:
- Computes final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepares written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Collects and analyzes relevant data to identify real estate market trends.
- Inspects properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
- Examines income records and operating costs of income properties.
- Evaluates land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
- Searches public records for transactions such as sales, leases, and assessments.
- Checks building codes and zoning bylaws to determine any effects on the properties being appraised.
- Verifies legal descriptions of properties by comparing them to county records.
- Photographs interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
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