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Residential appraiser skills for your resume and career

Updated January 8, 2025
4 min read
Below we've compiled a list of the most critical residential appraiser skills. We ranked the top skills for residential appraisers based on the percentage of resumes they appeared on. For example, 11.6% of residential appraiser resumes contained uniform standards as a skill. Continue reading to find out what skills a residential appraiser needs to be successful in the workplace.

15 residential appraiser skills for your resume and career

1. Uniform Standards

The uniform standards come in the form of USPAP, which stands for the uniform standards of professional appraisal practice. Established and implemented by the appraisal standards board, the USPAP provides standards and policies for the professionals working in the industry.

Here's how residential appraisers use uniform standards:
  • Attained State Liscenced Residential Appraiser License and completed all required continuing education coursework including Uniform Standards of Professional Appraisal Practice.
  • Performed appraisal analysis and other valuation services in conformance with the Uniform Standards of Professional Appraisal Practice.

2. Residential Real Estate

Here's how residential appraisers use residential real estate:
  • Perform market data research, data analysis Establish an estimated market value of residential real estate properties
  • Performed the necessary function of producing residential real estate valuation reports for lenders and investors.

3. USPAP

Here's how residential appraisers use uspap:
  • Prepared forms and reports under USPAP regulation standards to complete accurate residential property evaluations.
  • Developed residential appraisal reports by applying appraisal principles adhering to USPAP guidelines

4. Data Entry

Data entry means entering data into a company's system with the help of a keyboard. A person responsible for entering data may also be asked to verify the authenticity of the data being entered. A person doing data entry must pay great attention to tiny details.

Here's how residential appraisers use data entry:
  • Trained new employees on our PACS program and data entry software.
  • Maintain and organize reports by updating records and data entry.

5. Fair Market Value

Here's how residential appraisers use fair market value:
  • Research trends & review market values and property rating in support of real estate investments in equity and loans.
  • Collect and record data essential to the valuation process to provide an indication of fair market value.

6. GIS

A geographic information system (GIS) is a tool for capturing, storing, manipulating, analyzing, managing and presenting various forms of geographic data.

Here's how residential appraisers use gis:
  • Worked extensively with GIS software for in field preparation Worked with homebuilders and sales representatives during verification process.
  • Value residential properties in Madison County for tax purposes Assign photographs to GIS maps Assist tax payers with questions and concerns

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7. Origination

Here's how residential appraisers use origination:
  • Performed comprehensive reviews of origination appraisals, field and desk reviews, and other data.
  • Provide quality reviews of more complex residential valuations on the Origination Team.

8. 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 residential appraisers use fha:
  • Provided FHA and foreclosure residential appraisals throughout four western Washington Counties.
  • Perform quality control audits on appraisal reports to compliance to VA, FHA, or Conventional loan programs.

9. 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 residential appraisers use market data:
  • Research market data/demographics including interfacing with brokers, landowners, businesses and government agencies to obtain comparable lease and sales information.
  • Collected, analyzed and interpreted all information, documentation and market data associated with each subject property.

10. Condominiums

Here's how residential appraisers use condominiums:
  • Report experience includes Single Family Homes, Condominiums, Multi-Family Homes, Manufactured Homes, Rent Schedules, and Operating Income.
  • Appraised single family homes and residential condominiums in Albuquerque and Santa Fe for various banks and mortgage companies.

11. Subject Property

Here's how residential appraisers use subject property:
  • Created detailed appraisal reports estimating market value of subject property based on proper appraisal standards.
  • Research and analyze specific information regarding subject property and surrounding neighborhoods.

12. Appraisal Assignments

Here's how residential appraisers use appraisal assignments:
  • Received residential appraisal assignments from lenders and effectively completed home appraisals.
  • Communicate status on appraisal assignments, maintained a high level of customer service, and completed appraisals within turn time guidelines.

13. Mass Appraisal

Here's how residential appraisers use mass appraisal:
  • Appraised $4.5 Billion market value of vacant and improved properties utilizing mass appraisal techniques.
  • Use Mass Appraisal techniques and methodology to value property.

14. Lenders

A lender is a financial institution, an individual, a private or public group, that offers funds to a business or person with the condition and expectation that these funds must be repaid. Repayment will also include the payment of interest or fees. Lenders have detailed guidelines to verify the ability to repay a loan and creditworthiness. They established the interest rate, repayment schedule, terms, and other key aspects of the money being borrowed.

Here's how residential appraisers use lenders:
  • Provided mobile loan signing services for professional agencies/title companies/mortgage lenders; trained prospective notaries public on proper signing procedure/details/etiquette.
  • Authored quarterly real estate market analysis reports for lenders.

15. Income Properties

Here's how residential appraisers use income properties:
  • Completed a variety of residential appraisals: single-family, condominium, residential-income properties, and Fannie-Mae desktop appraisal reports.
  • Examine income records and operating costs of income properties.
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List of residential appraiser skills to add to your resume

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

  • Uniform Standards
  • Residential Real Estate
  • USPAP
  • Data Entry
  • Fair Market Value
  • GIS
  • Origination
  • FHA
  • Market Data
  • Condominiums
  • Subject Property
  • Appraisal Assignments
  • Mass Appraisal
  • Lenders
  • Income Properties
  • Appraisal Process
  • Appraisal Review
  • Fannie MAE
  • MLS
  • Financial Institutions
  • Sketch
  • Valuation Services
  • Replacement Costs
  • REO
  • Data Collection
  • Property Inspections
  • Market Trends
  • HUD
  • Legal Descriptions
  • Building Permits
  • Residential Homes
  • Comparable Properties
  • Market Analysis
  • Tax Purposes
  • Appraisal Software
  • ACI
  • Family Homes
  • FNMA
  • Desk Reviews
  • Management Companies
  • Multi-Family Properties
  • Family Residences
  • Condo
  • Comparable Sales
  • BPO
  • Appraisal Standards
  • Cost Approach

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.

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