Financially Feasible
Senior Member
- Joined
- Jun 25, 2007
- Professional Status
- Certified General Appraiser
- State
- Pennsylvania
They're not? Come to Delaware.
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Adapt or Die?
- Thread starter SANDY
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They're not? Come to Delaware.
Well, the words are different. An opinion of most probable price is not an opinion of price?
Wouldn't it have something to do with what the person developing the opinion is trying to develop?
I think you might want to check that out.
I notice it the opinion says if an appraiser believes it's credible it becomes an appraisal. OK. I volunteer. I believe it's credible.
It's the Peter Pan Approach - if you believe.
FWIW, AO-18 might has well have been written by someone on magic mushrooms. OK, I believe - and poof - it's an appraisal. But who developed the appraisal? Not me. All I did was believe. What approach did I develop? Oh yeah, the Peter Pan Approach. Now, that's what I call "adapting."
Ray Miller
Elite Member
- Joined
- Feb 20, 2002
- Professional Status
- Licensed Appraiser
- State
- Wisconsin
Good read. Many fine points make here.
Adapt or Die?
I feel way to many appraisers has caved in to the pressure and feel if they don't bend over and grab their toes, they will lose their food source. Many have called it client service.
May be it time for the ones that use our appraisal services to adapt or die? I don’t have a problem with lawyers, insurance companies, private home owners accepting my fees. I don’t have a problem with commercial accepting most of my fees. I don’t have a problem on my REO Preservation work accepting my fees. (Case in point I just bid and received a grass cutting job for $375 every 10 days, 4 hours work with no risk for REO Preservation). I don’t have a problem in my equine consulting work of clients accepting my fees. They all pay better then the Residential Appraisal work.
The other problem I have is the time it takes an AMC to pay. In some case 30 days or longer. How many employee’s wait for their pay check over 14 days. Yet we continue to wait longer for the AMC to send payment.
It is time to stand up and require those that use our services to meet our requirements.
Mike and Mentor as well as others have made some very good points in there posting.
To many appraisers don't have the where with all to stand thier ground and this is where it has gotten us in residential appraisal work.
Just my thinking.
Adapt or Die?
I feel way to many appraisers has caved in to the pressure and feel if they don't bend over and grab their toes, they will lose their food source. Many have called it client service.
May be it time for the ones that use our appraisal services to adapt or die? I don’t have a problem with lawyers, insurance companies, private home owners accepting my fees. I don’t have a problem with commercial accepting most of my fees. I don’t have a problem on my REO Preservation work accepting my fees. (Case in point I just bid and received a grass cutting job for $375 every 10 days, 4 hours work with no risk for REO Preservation). I don’t have a problem in my equine consulting work of clients accepting my fees. They all pay better then the Residential Appraisal work.
The other problem I have is the time it takes an AMC to pay. In some case 30 days or longer. How many employee’s wait for their pay check over 14 days. Yet we continue to wait longer for the AMC to send payment.
It is time to stand up and require those that use our services to meet our requirements.
Mike and Mentor as well as others have made some very good points in there posting.
To many appraisers don't have the where with all to stand thier ground and this is where it has gotten us in residential appraisal work.
Just my thinking.
estan
Freshman Member
- Joined
- Jul 15, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Nevada
i think for the first time in the history of the appraisal industry, all appraisers must turn down work, collectively. anyone who takes on work on the cheap is adding to the problem. no appraisers to do the work, hummm. this will not happen of course. there are to many scabs out there. just my opinion.
ockyappraiser
Senior Member
- Joined
- Sep 26, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Kentucky
"i think for the first time in the history of the appraisal industry, all appraisers must turn down work, collectively. anyone who takes on work on the cheap is adding to the problem. no appraisers to do the work, hummm. this will not happen of course. there are to many scabs out there. just my opinion."
Lets say for argument that you talked all appraisers in a state into not accepting less than $300 for a URAR report. You don't see a problem with this? Those that have had real estate law classes will. This is price fixing and illegal. An entire group of companies cannot come together to artificially effect pricing.
I too don't like getting paid $230 for an FHA report (just got one ordered today). But let me offer another perspective. If a marketing person came to me and said he would bring me 5 orders per month for $50-$70 per order. . .and guarantee they would never be from my current or even possible local client base. . .would I take it?
AMC's are not my primary business. I probably get 3-5 orders per month from them out of a normal 30-40 appraisals per month. I take them at whatever rate they come in at, howver, because they represent business I would never get locally.
One final thing. . .I HATE the word scab. It implies that because someone else does not want to work for a certain wage. . .that all those that do are somehow at fault for the other's loss of work. If price is the only reason our clients use us, we need to get out of the business anyway.
I will NEVER tell or suggest to another businesss person what he/she should charge. That is a business decision. I have continually raised my rates in my market. At the same time I offer many things that others don't. And I spend a lot of time, money, and effort marketing those things to every mortgage company in my area.
Insisting we should all charge a minimum fee is illegal. . .and frankly socialistic.
Lets say for argument that you talked all appraisers in a state into not accepting less than $300 for a URAR report. You don't see a problem with this? Those that have had real estate law classes will. This is price fixing and illegal. An entire group of companies cannot come together to artificially effect pricing.
I too don't like getting paid $230 for an FHA report (just got one ordered today). But let me offer another perspective. If a marketing person came to me and said he would bring me 5 orders per month for $50-$70 per order. . .and guarantee they would never be from my current or even possible local client base. . .would I take it?
AMC's are not my primary business. I probably get 3-5 orders per month from them out of a normal 30-40 appraisals per month. I take them at whatever rate they come in at, howver, because they represent business I would never get locally.
One final thing. . .I HATE the word scab. It implies that because someone else does not want to work for a certain wage. . .that all those that do are somehow at fault for the other's loss of work. If price is the only reason our clients use us, we need to get out of the business anyway.
I will NEVER tell or suggest to another businesss person what he/she should charge. That is a business decision. I have continually raised my rates in my market. At the same time I offer many things that others don't. And I spend a lot of time, money, and effort marketing those things to every mortgage company in my area.
Insisting we should all charge a minimum fee is illegal. . .and frankly socialistic.
Blueprint
Senior Member
- Joined
- Aug 25, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Oregon
Who is insisting on this? What is cheap?
It is all perspective, based on experience. We are in slow process of becoming a socialistic country. Give it time. The socialist style mentality is gradually spreading across this country. Look at the considerations for health care. Look at how at how our children are being raised. Look at how our borders are treated. Immigrants are pouring in and selling their perspectives very successfully, in many locations. It may not "officially" be secured in our lifetimes, yet socialism will reign with due time.
What we are currently facing as appraisers is nature of the beast and ultimately, survival of the fittest. It is really nothing new. Appraisers, generally speaking, have to "Adapt or Die" as they always have through changing times. Only the strong will survive.
It's pretty easy to say that these fast and cheap products can be done by appraisers pursuant to the sow rules in USPAP. But after a quick review of USPAP sow provisions it looks like any appraiser that is doing them is literally walking through a minefield. I don't care how goodl your sow cya language is-there are way too many landmines in that field. Who knows how the USPAP police will interpret ao 28 and 29. To me USPAP is written such that no one in their right mind would jump into that lake with the 1,000 lb USPAP back of rocks strapped to them!
Therefore, I still say that because of USPAP appraisers cannot effectively compete for a large share of the market demand for appraisal related services and I still say if the lenders have a need for a lesser quality product and that need is being met by less qualified realtors or products then it would be a whole lot better to let the more qualified certified appraisers produce these products. If our clients only want yugos then stop making us build suvs!
Therefore, I still say that because of USPAP appraisers cannot effectively compete for a large share of the market demand for appraisal related services and I still say if the lenders have a need for a lesser quality product and that need is being met by less qualified realtors or products then it would be a whole lot better to let the more qualified certified appraisers produce these products. If our clients only want yugos then stop making us build suvs!
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