Real Estate Appraisal Business

Real estate appraisers charge $300-$800 per appraisal depending on property complexity.

Completing 15-30 appraisals weekly generates $200,000-$800,000 annually with 65-80% margins after vehicle, software, and insurance costs.

In 2025, mortgage lenders require appraisals for almost all purchase and refinance transactions.

Services include residential property appraisals for purchases and refinances, desktop appraisals (no inspection), FHA/VA appraisals, divorce and estate appraisals, complex property appraisals, and expert witness testimony.

Successful appraisers get state-licensed (trainee, then certified), maintain E&O insurance, complete appraisals within 48-72 hours, understand comparable sales analysis thoroughly, maintain relationships with lenders and AMCs (Appraisal Management Companies), and stay current on market conditions.

Most appraisals ordered through AMCs paying $250-$450.

Direct lender appraisals pay more ($400-$600).

Average appraisal takes 3-4 hours (inspection, research, report).

Can complete 3-5 daily.

Becoming certified appraiser requires 2-3 years as trainee under supervisor.

Busiest during refinance booms and spring/summer purchase season.

Can specialize in complex properties (commercial, rural, unique) commanding higher fees.