How Jeff Hicks Predicts Technology Will Revolutionize Real Estate Appraisal
Michael Hobbs MAI, SRA, CRP, LEED GA
Chief Appraiser, Founder, Serial Entrepreneur, Podcast Host, EO Member
Are appraisers at risk of being replaced by technology, or are they poised to thrive? Jeff Hicks shares why innovation is an appraiser’s greatest asset.
1. The Future of Appraisal: Embrace Technology, Don’t Fear It
In today’s evolving real estate market, Jeff Hicks, MAI , a seasoned appraiser, urges professionals to view technology not as a threat but as a powerful tool. "Technology isn’t replacing us," Hicks asserts, "it’s empowering us."
With the rise of automation and data-driven tools, appraisers can now streamline repetitive tasks, freeing up time to focus on high-value aspects of their work. Tools like DataCup and Uconnect are helping appraisers increase efficiency and improve accuracy, delivering more data-backed appraisals that meet modern market demands.
Key Trends in Appraisal Tech:
2. Why Specialization and Entrepreneurship Are Key to Success
Beyond technology, Hicks emphasizes the importance of specialization and an entrepreneurial mindset. He encourages appraisers to explore niche markets like rural properties or litigation support, which can set them apart in an increasingly competitive landscape. "Appraisers must become businesspeople, not just technicians," he advises.
By building expertise in specialized areas and focusing on unique sectors, appraisers can position themselves as indispensable professionals in their field.
How to Succeed in a Changing Market:
3. Personal Reflection: The Evolving Role of Appraisers
Having spent decades in the industry, Jeff reflects on how appraisers have adapted and how they can continue to do so. He believes the future of the profession is bright for those willing to embrace change. "The next generation of appraisers will be tech-savvy entrepreneurs who lead the industry forward," he says.
Hicks’s outlook offers hope for a profession that is often seen as under threat. Instead, he sees an exciting path ahead—one where appraisers can thrive by merging tradition with innovation.
What’s Your Next Step?
How are you adapting to changes in the appraisal industry? Share your thoughts in the comments below, or let’s connect to discuss how technology and specialization can empower your business.
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Real Estate Appraiser
1moInteresting
Real Estate Appraiser, Data Analyst, CNAREA, DAR, Certified Appraisal Reviewer
1moI really appreciated Jeff's candid discussion and, again, the focus on supporting appraisers to continue to evolve. We get to hear yet another positive outside view of Cindy Chance and what she was doing for the appraiser community.