Real Estate Agent · MN · Member since 2019 · 2 posts · 0 votes
I am interested in real estate investing. Would it be wise to purse a career as a Real Estate Appraiser? I believe it may provided me with a deeper understanding of the market.
Morris County, NJ · Member since 2020 · 5k+ posts · 2k+ votes
6y
@Thomas Wormley
Honestly, I think it will give you a better understanding of how appraisers cdetermine appraisals. broker price opinions, appraisals, assessments.. they all come out differently because each profession does it differently and it is something of a judgement call.
If you want to understand the market... that’s dependent on how you learn.. maybe you just need to be in it in one way or another.. or just study it very well via Zillow or mls... or maybe lost if networking and talking to see what’s going on.. or a mix of the above or whatever works for you..
The market value is what somebody will pay for the item. Appraisers do look at the market history, amongst other factors to determine market value. It’s fine, if this approach works for you. Otherwise, there are plenty of ways to go.