I don't know what you have to do to become a real estate appraiser, but I know you don't have to do much once you become one. I had our house appraised today, and the guy was in our house for literally 5 minutes, and outside for 2 minutes. We pay $400 for the appraisal. Now; I know that they still have to plug in some numbers into the computer and so forth, but, seriously, how long can that take. Probably not more than 20 minutes. In any case it looks like our house value is going to drop to $165,000 while Zillow says $160,000. We'll probably be paying PMI for a year or so....oh well, such is the housing market.
Those Appraisers...
February 8th, 2008 at 06:38 pm
February 8th, 2008 at 06:52 pm 1202496738
All the appraisals I'm seeing lately are coming in low, it is making life hard for people trying to refinance and get rid of PMI.
February 8th, 2008 at 09:17 pm 1202505476
We sold a spec house last year and the new owners had it appraised. The appraiser said it was the best built house she had ever seen. She was there for several hours and measured everything.
So, it depends on the appraiser I guess!!
February 8th, 2008 at 10:58 pm 1202511517