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Yeah, they will do that for you usually. I think it's easier to shrink area like if you are running behind than it is to increase area if they are already full in other areas.
I am a VA appraiser in San Diego -technically North County. I am required to cover all of San Diego County. However, when I was added to the panel, I told the VA I could service Temecula and Murrieta which are in South Riverside County (I think there are four zip codes total). I do not cover any other areas of Riverside County. Maybe this is different in other areas?
5-years (2026) with no fee increase since 2017 is equivalent to $350 for an appraisal. Not great.
The last part is kind of funny. They don't even look at order notes and Ive never had an inquiry responded to there. Email is about a 10% chance of a response and it usually takes 3-5 days...In fact I had a loan officer cancel one about 3 weeks ago, she left notes in the order and sent two emails, I left notes in the order and sent two emails..still sitting in my queue like glue. A direct phone call solves all problems..but I hate the phone. I'd rather text them
Well ... probably not. Depends on the rate of inflation. $350 in 2012 is worth $404 today - an increase of 15.4% due to inflation (see the calculator linked below).
www.in2013dollars.com
My point, as I am sure you are well aware, is that VA appraisal fees are not keeping up with inflation. Furthermore, are you predicting that todays the inflation rate is not going to increase dramatically in the next 2-6-years?Well ... probably not. Depends on the rate of inflation. $350 in 2012 is worth $404 today - an increase of 15.4% due to inflation (see the calculator linked below).
My own average fees have gone up 50% over the same time period. They will certainly go down quite a bit when the refi binge ends - but we've planned for that and hope y'all have too.
$350 in 2012 → 2026 | Inflation Calculator
$350 in 2012 is equivalent in purchasing power to about $503.39 in 2026. Compare inflation, CPI, and purchasing power using the Bureau of Labor Statistics data.
That likely depends on location. In very homogeneous locations, they are probably good. In very heterogeneous locations, not so good. But that applies in general as I think OP is referring. She is in a very complex market it seems. Like where it might take 3 hours to measure a house and site improvements. Rural can be even more complex than where she is. Shelby County is a very heterogeneous area. Planning and development has a bunch to do with how heterogeneous the county is. Poor planning and development. I have been in other states. They are very well designed where I could knock out two a day in many locations. That's govt side. Poor planning and development can be blamed on govt.
Yup. Those "homogeneous locations" are where an appraising business can become very successful with the right clients and system to exploit the opportunities during a time of low rates.