Value, value, value..
As mentioned in the previous post, appraisers are certified professionals who value real property. They are needed in many transactions by both buyers and sellers alike to provide an opinion of value. The concept of value is constantly revisited in the realm of appraisal, it is the underlying question. Since value can be a somewhat controversial arena, appraisers have historically been known to have a tough job at hand when in comes to people pleasing.
The housing bubble in 2008 had a significant negative impact of the real estate market, but with the improving market and certification requirements previously mentioned, it seems real estate appraisal is an industry in an evolution. By a recent analysis conducted by IBISWorld, It is estimated the industry will grow in 4.7% in revenue in 2012. Also included in the linked analysis are thoughts of a decline in profit growth due to online computer databases.
The full report and some interesting statistics can be accessed here : http://www.prweb.com/releases/2012/8/prweb9768442.htm
Since the market continues to become more competitive, success becomes harder to obtain. One appraisal company attributes it's success to staying true to being flexible to the changing nature of the market and remaining true to its core values during tough times. DartAppraisals began in 1993 as a way to promote transparency between buyers and lenders and to streamline the appraisal process. Technology remains a large component to the companies operation. The interesting success story is linked below.
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