“Excuse me sir, how much do real estate appraisers make? I’m thinking about switching careers”
Inquisitive college kids looking for a path in life, noisy real estate agents and even e-mails (from you lovely people) to our staff here at http://www.appraisaltests.com are REGUALRY asking, so I wanted to address it.
The official answer is anywhere from $0.00 per year to $1,000,000 per year.
“WHAT?! That is a typo, right?”
No, my sweet summer child, it is not.
But I want to tell you MY story…
When I entered this industry in 2007, things were ROCKING. I was a commercial trainee and we were charging $3,000 for a land appraisal that I could inspect and write in a day or two. Cash was flying around and I was making a lot of strippers and coke dealers VERY HAPPY.
Then 2008 arrived with a bang.
Fear, depression and uncertainty do not begin to describe what was happening.
The phone literally stopped ringing for weeks. My days of “work” consisted of black coffee, CNN and watching what little money I had drift away as my 401k all but disappeared.
Things were bad.
In 2008, I made $9,000.
I was one of the lucky ones. The other guy I was going through my real estate appraisal trainee apprenticeship with made nothing. NOTHING.
Sure, I thought about a career change.
Nevertheless, real estate was running like hot lava through my veins.
I was not going to quit. Ever.
Eventually, the economy DID improve. I received my General Certification and went on to make a fat six figure salary shortly after.
A short time later, I found a couple of trainee peasants (joking!) and was able to leverage them to $300,000 per year or more per year.
So you see, as an appraiser, you deal with the ups and downs.
Things keep going on, they overlap and blur, your story is part of many other stories, and there is no telling where any of them may lead.
Winter will end, and thankfully, the flowers will return.
What does this mean for you? No matter where you are in your appraisal journey, I want you to be prepared for the inevitable ” How much do real estate appraisers make?”
It means it is time to hustle. It is time for you to get off your ass and study, learn and most of all, network.
You can make as much money as you want in this industry. Once the cash starts raining in, you can then leverage your appraisal expertise into investing in real estate.
Only then, will you take your income from six digits to seven digits per year and start living the life of ULTIMATE FREEDOM.
So, they question should never be ” how much do real estate appraisers make “.
The question is, what can YOU do with the knowledge of a real estate appraiser….