It is frustrating for appraisers out there in work world right now. Times are lean for the established appraisers who have resisted all of the government mandated changes in our business. And, they are going to get leaner for FHA appraisers as well, given the pending changes for ordering FHA appraisals. It's time to look for a part time job for appraisers.

Personally, while I still have my local and non lender appraisal work coming in, I've been focusing my efforts part time on building up this blog and learning how to make money online. It is certainly not a get rich quick type of thing, but with consistent effort you can certainly create a stream of income that keeps working when you are not working.

That is a really good thing, after spending the last 12+ years in the appraisal world and only getting paid when I'm actually doing appraisals (see the posts below, it is still hard to get paid!).

Anyway, if your interested in learning how to create some online streams of income the RIGHT WAY, you need to visit Wealthy Affiliate. It is the perfect part time job for an appraiser, as long as you treat it like a part time job.

Wealthy Affiliate will teach you all of the different ways it is possible to make money online. There is no one single way to do, you need to learn about all of the different possibilities and take action on the one that suits your lifestyle, needs and personality.

If you do that, and take consistent action, within a couple of months, you can easily have an extra several hundred dollars a month coming in, and shoot, that's like a couple of extra appraisals that you didn't have to actually complete. That's nice!

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The Real Estate appraisal business really appealed to me some 13 years ago as a great home based business. And, yes it has been very good to me. Sure, it does potentially provide those things that a solid home based business should provide, a consistent income and scheduling flexibility, but along the way there are many potholes of which to be aware.

Initially, getting to the point where you can get work as an independent appraiser can be a long, frustrating and
expensive road. Education and training requirements have changed so now it is required that you have at minimum a 4 year degree to obtain the certification required to provide the most opportunity. Many currently certified appraiser's have been "grandfathered" in with these recent changes, but anybody new to the profession will be required to have a 4 year degree.

Second, finding somebody to train and work with you over a period of at least two years can be trying. Many experienced appraisers refuse to train their replacements. The thinking is that once a trainee has completed the necessary training, education and testing, that they will then go out into that marketplace and instantly become the competition of the person or firm that trained them. Certainly this is a valid concern, and can cause headaches as your trying to get started in the business.

Lastly, over the past several months, the business has changed, and many long standing relationship between appraisers and banks and lenders have been dissolved with the introduction of the HVCC, and the following requirement that all conventional loans have appraisals ordered through appraisal management companies. What this has done is provide anybody with a certification to appraise an equal opportunity at the appraisal work available just by getting "signed up" with an AMC in your area. This can actually be a good thing for a new appraiser, as those long term relationships have been essentially ended.

Many long time appraisers have been forced from the profession with the changes in the process. If you can weather the challenges along the way, then certainly the appraisal profession can provide great opportunity for good income and scheduling flexibility. But, the path to those rewards can be very difficult and full of challenges.

Technorati Tags: Appraisal Jobs, New Appraiser, Real Estate Appraiser