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Order Volume

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Agree - under 15 is slow. Under 10 is scary. For me, 20-25 is a pretty solid pace. One wrench that often isn't considered is that, when it's slow - it's the poo-poo properties that everyone wants appraised. A lot of what I'm doing now takes twice the time to do.
 
And when things are slow, reviewer’s are trying to justify their paychecks by sending endless revision requests that are typically insignificant. It’s a struggle for everyone right now, except for those in the swamp, paychecks, vacations, and benefits, as usual.
 
Slow for me is 1-2 appraisals a week. ( what I am seeing now) Typical is 4-5 a week. Very busy, during the boom was 7-9 a week. I do limit volume because I only cover one county. If I expanded area I could be busier but I dont' want to drive that far and the busy county south has tremendous traffic.

It is very slow in FL now, and probably in many areas because of interest rates and combine that with a cut into all orders from Waiver/value acceptance and them market forces - there are a lot cash sales and very few people refinancing.

Eventually, the rates will come down and business will pick up. However, the cuts into volume from Waiver/value acceptance and pushes for other alternatives will remain. So even in a busy time, there might be less volume. and the worst thing anyone can do when volume goes down is lower their fees. If it comes to that, it is better to leave the business because it simply becomes not profitable to stay. The mortgage lenders are not lowering their fees and points. The RE agents got hit with a lawsuit but their commissions were in the tens of thousands of dollars, so even with a reduction they can make thousands. That is not true for res appraisers who are shaving fees down so low in the hundreds it is behind the cost of living and inflation.
 
Agree - under 15 is slow. Under 10 is scary. For me, 20-25 is a pretty solid pace. One wrench that often isn't considered is that, when it's slow - it's the poo-poo properties that everyone wants appraised. A lot of what I'm doing now takes twice the time to do.

Yeah, on average properties are more complex during times like these. My "Decline" order rate is running 50/50 right now precisely due to the amount of out-of-area or plain old no-comps & crap-orders we are seeing. 10 years ago, I might have taken some of them. Today, thankfully I have the luxury of being able to "Just Say No". :LOL:
 
I don't decline any orders but I work with only good clients. I have one very steady and consistent client and two clients who order regularly but are less consistent. I feel very fortunate to work with good clients. All AMC go straight to spam without opening the email.
 
DOWN TO ONE GOOD AMC CLIENT WITH AVG 20-30 DESKTOPS A DAY BUT AT $35 PER REPORT I AM STILL GETTING BY. ADDING LICENSE IN TEKAS AND FLORIDA SOON ANYONE HAVE A GOOD VIRTUAL ASSISTANT WE LOST BIGHANI TO THE TYPHOID
 
DOWN TO ONE GOOD AMC CLIENT WITH AVG 20-30 DESKTOPS A DAY BUT AT $35 PER REPORT I AM STILL GETTING BY. ADDING LICENSE IN TEKAS AND FLORIDA SOON ANYONE HAVE A GOOD VIRTUAL ASSISTANT WE LOST BIGHANI TO THE TYPHOID
Slacker.
 
NOT OUR FAULTS DEALING WITH REVOKATIONSIN CALIFORNIA AND VIRGIN
 
I don't decline any orders but I work with only good clients. I have one very steady and consistent client and two clients who order regularly but are less consistent. I feel very fortunate to work with good clients. All AMC go straight to spam without opening the email.

I am glad that is working for you Joe. If you don't mind however, I'd like to use your post to make a larger point that may be helpful to the younger appraisers out there.

Having only 3-4 clients is a recipe for trouble during lean times. There's lots and lots of talk about "diversification", so I'll add one variant that's not discussed much on here but that younger appraisers should think about. If you are only doing lending work, one way to "diversify" is to develop a system so that you can handle a larger client base (which you build up over the good years and decades).

As an example, right now we have over 70 clients of all types - direct and AMC as well as platform-based work that draws multiple clients like the Mercury Network. Of course, I can't be sure all of them are even still in business right now, but back when were in CA we had even more. ;)

Obviously, at any one time, only a fraction of that number are active in sending us work, but (and this is the BIG "but"), the identity of that fraction CHANGES from year to year. And when its real lean like it is now, getting a few orders here and there from a large stable of established clients can make the difference between being able to pay the bills and having to look for alternative or additional employment.

There's no "quick fix" for lean times, but this is one kind of "insurance policy" youngsters should keep in mind as they develop their practices. And for heaven's sake get yourself some help. "I can't do it alone" may be a joke saying from some old 1980s movie, but its 100% true in this business. Turning it into a family business (one way of getting help) has worked out great for us. :giggle:
 
Just listened to a meeting with this lender. The lender reps gave a list of issues appraisers need to be aware of which we have discussed in AF.
Nice that lender reminded us how to do appraisals correctly.
It ended with business and volume has been low and hopefully next year will have more loans.
And to help current appraisers, lender is not accepting new appraisers to their panel. Very nice of them.
 
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