Will “Valuation Consultant” be Automated?

Core Skills & Abilities

• Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.

• Write descriptions of the property being appraised.

• Update appraisals when property has been improved, damaged, or has otherwise changed.

• Inspect personal or business property.

• Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.

• Forecast the value of property.

• Write and submit appraisal reports for property, such as jewelry, art, antiques, collectibles, and equipment.

• Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.

• Create and maintain a database of completed appraisals.

• Testify in court as to the value of a piece of tangible property.

• Recommend loan amounts based on the value of property being used as collateral.

• Take photographs of property.

• Verify that property matches legal descriptions or certifications.

• Document physical characteristics of property such as measurements, quality, and design.