How is Business and your anticipation for the future?

[Bill75]

Class is SCUM. I was making that much as a Junior staff appraser at World Savings Bank.

IN 2003.

You were actually making "more" while at World Savings Bank, that salary doesn't go as far today...

 

[chad hampton]

You were actually making "more" while at World Savings Bank, that salary doesn't go as far today...

need double of a 2003 salary today to make the equivalent

 

[Surf Cat]

I feel it depends on your local. If your area is inundated with a bunch of appraisers like here in Los Angeles, California. It's slim pickings. At my age, there's no way I would survive in the AMC appraisal staff position churning and burning.

I searched on the indeed job website and found only a couple residential appraisal gigs. The rest were Certified General.

I did way better in the mortgage broker days where doing good work, hustling, and being dependable mattered.

 

[Overimprovement]

I feel it depends on your local. If your area is inundated with a bunch of appraisers like here in Los Angeles, California. It's slim pickings. At my age, there's no way I would survive in the AMC appraisal staff position churning and burning.

I searched on the indeed job website and found only a couple residential appraisal gigs. The rest were Certified General.

I did way better in the mortgage broker days where doing good work, hustling, and being dependable mattered.

View attachment 108877

$40k a year in LA won't even get you a good tent.

 

[Tom4value]

$265? I made that 30 years ago! Gas was under $2/gallon and my mortgage was $1,200 month. Took me just over an hour to type a report and I still barely made ends meet.

$1,565 is a slow week now. Granted, it has been the norm for about two months but I say it will get better. No way will I work for someone else and take direction from someone who knows next to nothing about appraising and who’s birth year begins with a 2.

 

[Terrel L. Shields]

61 days and I ain't gonna give a rat. License expires if I don't first. And the way I've felt lately... 8 more doctor appointments this coming month including cataract surgery.

 

[Terrel L. Shields]

an SRA

Bankers here wouldn't know what you were talking about. The "local" AI chapter covers 3 states for the most part, Ark, S. MO, and OK. Used to be 5 chapters if I haven't lost count.

I don’t think it’s possible to live on 4K

Actually depends upon location. Easy to do in Ozarks, Oklahoma, and a lot of other places.

 

[chad hampton]

Not to worry, there’s going to be 7 new parea grads ready to pick up the slack for the thousands of appraisers with 30 to 50 years experience who are leaving the profession. True masters and experts in their field leaving by the thousands.

Parea another example of how that side operates. They can’t play by the rules so they bend them break them. Eventually threatening enough groups that they have no choice but to change decades old tried and true experience requirement. It’s their SOP.

 

[alebrewer]

True masters and experts in their field leaving by the thousands.

You must know a different group of appraisers than I do...

 

[Salty]

Find another job and turn appraising into a gig job. Easy to make 60-80k/yr part time in this. You can do it on the weekends.

80k isn't a professional salary unless you’re 23. And a staff job at the worst AMC in the country has to be a miserable existence.

Good luck, but you'll be in the same boat in 6 months if you work for class. And you will have lost all your real clients.

I’d look for another steady job with benefits, etc. There’s so much easy **** out there for 50 to 100 grand that allows you to work from home anyway. Find two jobs that pay 75 and now you’re at 150k.

Unfortunately, that’s the position appraisers are in these days.

This is exactly what I did. Created a resume calling myself an analyst and got a job as a financial analyst working remotely. Much more relaxing than chasing appraisal fees and I get employer 403b contributions. I cherry pick the easy appraisals. I have 2 computers and 4 monitor on my desk - sometimes working on reports while working my "real" job. If I stayed appraising I would have lost my house.