Real estate appraisers seemingly can make good money in California. For one county, though, home appraisers are quickly becoming extinct. In fact, such a high-paying job in San Diego County has become very unappealing in terms of a career. For the past 12 years, real estate appraiser Matt Pearl has developed a knack for finding what price is right.
“I get to see a lot of interesting houses on a daily basis,” Pearl told KGTV-10 News.
Pearl said local real estate appraisers can make between $75,000 and $100,000 a year. Since 2010, however, the supply of appraisers in the county has dropped by 23 percent, with a 5 percent drop in the past year.
“It’s just sad to see for the entire industry,” Pearl said.
“It’s a well-paying profession that's becoming an endangered species,” Transcontinental Valuations co-founder Dave Vancellette said. “Unless the profession does something about it, we're headed for a crisis.”
Vancellette also said although some appraisers are retiring, many are just quitting, as new federal rules make the process more complicated and time-consuming.