Appraiser
Controller Job Description
An assessor or appraiser evaluates a piece of property and calculates its value to create a report that conveys the estimated worth of the property, as well as the basis for the calculation. Some assessors or appraisers specialize in real property, including residential or commercial real estate. Others focus on determining the value of personal property, which may include cars, boats, antiques, and jewelry. Others specialize in the assessment of business property, which includes tangible business assets, such as machinery and equipment, and intangible business assets, such as trademarks, patents, and intellectual property. Assessors and appraisers play a particularly important role in the real estate market since the value of a parcel of real estate must be estimated whenever it is bought, sold, taxed, mortgaged, or insured. Assessors work on behalf of local governmental authorities; they estimate the worth of property for the purpose of imposing local property taxes. Appraisers, on the other hand, work for private, independent clients; their value estimations may be used to set a selling price for a house, fix insurance premiums and coverage limits, or determine the amount a bank is willing to loan a homebuyer. Because they generate valuation estimates for different purposes and use different methods in doing so, assessors and appraisers may sometimes come up with different values for the worth of a single piece of property. A real estate appraiser is a professional judge of property value. They take into account different factors—including your property’s condition, lot size, upgrades, amenities, and location—to determine its valuation. They also consider the climate of the market. Once they’ve completed their assessment, they’ll issue an appraisal of the property they’ve evaluated.
Real estate appraisers regularly work with different people, whether they are selling their service, meeting with the property owner, or interacting with clients. The ability to communicate effectively with everyone is an important part of customer service. Real estate appraisers work with multiple clients concurrently, utilize many different sources of information, and must completely investigate properties that are being appraised. Organization is a critical part of the real estate appraiser’s job. Every real estate appraisal has a deadline, and some may have very short time constraints. The ability to manage time is important to ensure appraisals are done completely and delivered by the agreed upon deadline. Real estate appraisers often run into unexpected issues. The ability to find a solution when issues arise is often necessary to complete the appraisal.
College courses in subjects such as economics, finance, mathematics, computer science, English, and business or real estate law can be useful for prospective appraisers and assessors.
Typical duties of a Controller
• Analyzing Data: Evaluation involves making detailed comparisons of similar properties. Appraisers collect, verify, and interpret all relevant data that could affect a property’s valuation.
• Following Market Trends: Local and regional real estate market trends impact a property’s value. Estate appraisers must stay current on trends and understand how those trends might affect property.
• Updating Property Records: Appraisers sometimes interact with property records, both private and public. They note and transcribe property features, including any tangible changes that may impact its value.
• Writing Reports: Appraisers sometimes orally present their findings. However, clients and employers often require detailed written reports.
Skills:
• Analytical skills
• Customer-service skills
• Math skills
• Organizational skills
• Problem-solving skills
• Time-management skills
Qualifications: Economics, Finance, Mathematics, Computer science, English, and Business or Real estate law