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Real estate appraiser skills for your resume and career

Updated January 8, 2025
5 min read
Quoted experts
Lynn McKee,
Ray Calnan Ph.D.
Real estate appraiser example skills
Below we've compiled a list of the most critical real estate appraiser skills. We ranked the top skills for real estate appraisers based on the percentage of resumes they appeared on. For example, 17.5% of real estate appraiser resumes contained residential real estate as a skill. Continue reading to find out what skills a real estate appraiser needs to be successful in the workplace.

15 real estate appraiser skills for your resume and career

1. Residential Real Estate

Here's how real estate appraisers use residential real estate:
  • Perform residential real estate appraisal services and opinion of value in Massachusetts to assist with determining property valuations.
  • Inspected Residential Real Estate for mortgage brokers and underwriters that achieved clarification of derived appraisal estimate.

2. Real Estate Appraisals

Here's how real estate appraisers use real estate appraisals:
  • Prepared real estate appraisals for commercial properties including investment properties, with extensive experience analyzing complex investment properties.
  • Provided valuable and relevant real estate appraisal & consulting services to enhance client performance and profitability.

3. Real Property

Real property refers to the land, buildings, and every other physical thing on sight within a marked area of land. It also refers to everything physically and permanently attached to a given parcel of land including the soil. It goes further into the legal documents like the right to ownership, right to sell, lease, and use the land including all the physical assets on it. The term is also related to real estate and can be used interchangeably.

Here's how real estate appraisers use real property:
  • Conducted real estate property appraisals necessary to complete sale or refinance transactions of real property.
  • Performed real property appraisal inspections, research and developed appraisal reports.

4. Residential Properties

Any space you can use as a flat, house, or residential area is called a residential property. These can include public property, private property, and cooperative property.

Here's how real estate appraisers use residential properties:
  • Evaluated externally prepared appraisals and validated the current market value of residential properties to ensure accuracy of final appraisal values.
  • Document Development: Develop accurate property valuations for a variety of residential properties and negotiate contracts for rental units.

5. Fair Market Value

Here's how real estate appraisers use fair market value:
  • Determined fair market value of residential/commercial real estate via comparative sales and income projection methods.
  • Prepare market evaluations for brokers, loan originators, lenders, sales agents and homeowners to determine fair market value.

6. Market Data

Market data is the general term used in relation to financial information required for research, analysis, trading, and accounting of financial instruments of all asset classes in global markets. Market data enables traders and investors to see the latest price and historical trends for various assets, and how to enter and exit trades.

Here's how real estate appraisers use market data:
  • Analyze market data and conduct extensive market research to provide underwriting services for financial institutions and real estate property owners.
  • Recognized for generating relevant market data and replacement costs while accurately estimating physical depreciation and economic obsolescence on property improvements.

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7. Property Inspections

A property inspection is a visual inspection of observable areas of a property and a report on the state of that property. Property inspections get done by qualified experts and trained professionals with experience and an in-depth understanding of property types to tell if a property is up to code. It affects a large percentage of the buying process.

Here's how real estate appraisers use property inspections:
  • Staff Appraiser Full Appraisals and Reviews Data Entry Appointment Scheduling Customer Service Property Research Property Inspections
  • Exercised diligence in setting and maintaining a punctual appointment schedule for property inspections.

8. Income Properties

Here's how real estate appraisers use income properties:
  • Prepared form valuation and evaluation reports of single-family residential and small residential income properties.
  • Specialized in the valuation and analysis of small residential income properties, single-family dwellings, and condominium units.

9. USPAP

Here's how real estate appraisers use uspap:
  • Implemented Quality Control procedures ensuring total USPAP compliance.
  • Review peer's appraisal for compliance with USPAP, Fannie Mae, Freddie Mac, accuracy and consistent and appropriate adjustments.

10. Subject Property

Here's how real estate appraisers use subject property:
  • Calculated gross rent multiplier from local rentals and applied to the subject property gross rental income for capitalization determination.
  • Perform inspection and analysis of subject property to determine condition rating of dwelling.

11. Market Trends

Here's how real estate appraisers use market trends:
  • Developed office data organization system in Excel; determined market trends through comparable sales listings
  • Researched historical data and current market trends for appraisal and neighborhood analysis.

12. FHA

The Federal Housing Administration (FHA) stands for a government agency in the United States that offers housing insurance to FHA-approved lenders who follow certain conditions.

Here's how real estate appraisers use fha:
  • Arranged mortgage financing for single family adjustable and fixed rate, reverse mortgage, FHA, VA and USDA loans.
  • Progressed from trainee to senior analyst mastering single family, condominium, investment, and FHA assignments.

13. Sketch

Here's how real estate appraisers use sketch:
  • Inspect residential and commercial properties, photograph, CAD sketch floor plans, and structural inspection for maintenance and safety issues.
  • Measured the exterior of the house and outlined a sketch to determine the total living space of the subject.

14. Appraisal Review

Here's how real estate appraisers use appraisal review:
  • Performed Appraisal Reviews to determine the validity of estimated appraisal value and verification of information used to establish value.
  • Perform appraisal reviews using Collateral Underwriter Program from its inception to release.

15. MLS

MLS means multiple listings services that depict a private or personal offer and contribution of an organization done by listing brokers and other real estate brokers. It refers to a database created involving real estate brokers to give information or data concerning all property or estates on sale. In it, both parties involved in the agreement benefit by sharing the commission and information.

Here's how real estate appraisers use mls:
  • Prepared and processed all forms associated with appraisal activities using ACI Appraisal software, and Multiple Listing Service (MLS).
  • Analyzed MLS REO and Foreclosure properties for investment clients and consulted on the purchase and repairs of these properties.
top-skills

What skills help Real Estate Appraisers find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What skills stand out on real estate appraiser resumes?

Lynn McKeeLynn McKee LinkedIn profile

Lecturer, Georgia State University

From entry-level grads, employers are looking for hard skills, like Argus certification, proven Excel skills and CoStar proficiency. Some experience from internships is also important to get a grad over the "no CRE experience" hurdle.

What hard/technical skills are most important for real estate appraisers?

Ray Calnan Ph.D.

Associate Professor of Real Estate, Director of Learning Assurance, California State University, Northridge

Residential is mostly focused on communication (not just email and text, but conversation virtually, in-person, and phone). Understanding social media, marketing, virtual tours, etc. Commercial uses these skills in addition to financial analysis, valuation, and market research.

What soft skills should all real estate appraisers possess?

Jonathan Everett

Assistant Professor of Practice, Virginia Tech

I would venture to guess that many successful real estate professionals would say real estate is a people's business. In the classroom, we often discuss how one of a real estate developer's biggest responsibilities is assembling the right team. Most real estate professions require immense communication amongst a multitude of parties. You have to understand the motivations of each party, how to communicate with each party, and how to choreograph several moving parts, so every action is pushing towards an aligned outcome. This requires the ability to listen, articulate, negotiate, and adapt.

What real estate appraiser skills would you recommend for someone trying to advance their career?

Jeffrey Peshut J.D.Jeffrey Peshut J.D. LinkedIn profile

Assistant Professor of Finance (Real Estate), Metropolitan State University of Denver

Once you've become proficient in financial analysis and research analysis, the next step is to develop knowledge and skills in managing real estate transactions, such as real estate lease transactions, real estate purchase and sale transactions and real estate loan transactions. This includes developing excellent verbal and written communication skills, marketing and sales skills and negotiation skills.

What type of skills will young real estate appraisers need?

Dave BuntonDave Bunton LinkedIn profile

President, The Appraisal Foundation

Appraisers are self-starters and good communicators. They have to be tech-savvy and motivated to solve problems. They also need to be organized and analytical to deliver the end product to their client.
Do you want to know more?
Read more about what experts have to say about real estate appraiser

List of real estate appraiser skills to add to your resume

The most important skills for a real estate appraiser resume and required skills for a real estate appraiser to have include:

  • Residential Real Estate
  • Real Estate Appraisals
  • Real Property
  • Residential Properties
  • Fair Market Value
  • Market Data
  • Property Inspections
  • Income Properties
  • USPAP
  • Subject Property
  • Market Trends
  • FHA
  • Sketch
  • Appraisal Review
  • MLS
  • Condominiums
  • Market Research
  • Appraisal Process
  • Market Analysis
  • Comparable Properties
  • Financial Institutions
  • Discounted Cash Flow
  • Data Collection
  • Comparable Sales
  • Fannie MAE
  • Uniform Standards
  • Legal Descriptions
  • REO
  • Appraisal Assignments
  • ACI
  • Commercial Property
  • Family Homes
  • Scheduling Appointments
  • Condominium Associations
  • FNMA
  • Property Types
  • Building Codes
  • Residential Appraisal Reports
  • Residential Homes
  • Functional Design
  • Appraisal Standards
  • Cost Approach
  • Client Relationships
  • Square Footage
  • Office Buildings
  • Mortgage Brokers
  • Appraisal Software
  • Property Measurements
  • HUD
  • Family Residences

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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