The last few years in the real estate market have been the worst this country has seen since the great depression. But we seem to have turned a corner and forecasters are anticipating that 2010 is the year that the rebound in the real estate market will take off once again. Current financial indicators all support this prediction. As the real estate market is getting ready to re-ignite going into 2010 the need for licensed professional real estate appraisers to facilitate the deals is about to jump. The time to get licensed is now to be ready for the opportunity that is to come. It is a great time to start a career as a real estate appraiser.
As the economy stands on the threshold of its real estate market recovery the need will be greater than ever to have qualified professionals to determine an accurate value of the properties being purchased for the purposes of validating the purchase price on a loan. In order to appropriately determine the selling price the skills of a qualified real estate appraiser will needed. Expertly trained professionals to skillfully and accurately value the properties being bought and sold in the rebounding real estate market will be in great demand.
The recent incentive programs to stimulate the depressed real estate market have done just that. The original tax incentive of up to $7500.00 for first time home buyers was enough to spark the beginning of the real estate market turn around. The subsequent decisions to raise the possible incentive amount to $8000.00 and suspending the deadline to qualify for the program generated significantly more activity in the housing market.
The expansion of the program to include a credit for existing homeowners of up to $6500.00 to purchase a new primary residence created and even more urgent need for properly trained real estate appraisers. The increase in home sales as well as the number of listings for sale anticipated as existing homeowners sell their current residences to cash in on the incentive to purchase a new one will create an overflow of properties in need of proper appraisal and a demand for licensed professionals to meet the need.
Real estate appraisal is a field in which many can work but those that receive quality education will excel. Honest and reliable real estate appraisers are a cornerstone in a successful real estate market. Without professionals to properly value the properties the market will fall apart. In order to become one of these highly regarded professionals potential appraisers must learn what skills are necessary in order to accurately evaluate a property’s value. The details of a property that add value as well as those that may decrease value, the areas the properties are located in, the land and its significance to the overall property value, this is all knowledge that an expert real estate appraiser will have. The importance of a quality education behind the license will be the difference between appraisers that work and those that grow wealth in the reignited real estate market.
In an economy where unemployment is at its highest, finding a field in need of qualified professionals is like finding a nugget of gold in a mine that was thought to be emptied of all value. To find a field that is about to explode with an infinite potential for income generation is like hitting the mother load. Now is the perfect time to begin a career in a field where the possibility of income is only limited by your ability to do the work. Now is a great time to get started in a career as a real estate appraiser.
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About David Goldstein — David Goldstein is an Owner and Founding Partner of Colibri Real Estate, LLC. which operates online education providers Colibri Real Estate, Insurance License Express and License Tutor. Follow him on Twitter.