This year better for appraising

[Fernando]

So far to date I made more appraisal money this year than last year and the year hasn't ended.
Looks like the bottom is over and future looks good.

 

[Vernon Martin]

Over 40+% increase in revenues for me here in SoCal, but the future doesn't look good. Some of the extra work is defaulted SBA loans and there's also an increasing number of scams aimed at out-of-state private lenders. But yes, there will be some REO work in the future.

 

[Joe Flacco]

Ahead of last year. Last year was pretty slow.

 

[Terrel L. Shields]

Due to my knee issue, I cut back but I'm half working anyway. But I've had a lot of assignments I am working on. I've avoided work in the Bentonville area, as prices are insane. Even seeing sales above listings.

 

[Fernando]

Is it just me but I get tired more after seeing subject and driving by the comps.
It's terrible getting older.

 

[Dublin ohio]

I've been getting hammered for the past 2 months. Quite a few rural which pay more. So I can't complain

 

[Joe Flacco]

Not me. I went on vacation end of August and it has been pretty quiet since.

 

[WestMichiganCG]

Our fees are the same as 2020. Work is steady but not amazing. I'm still doing more private work than bank work. Every year private becomes less of our portfolio and fee pressure remains high alongside scope creep like capitalization rate comps and higher level market analysis. We just lost another commercial appraiser in our area and fewer people are entering the field. I'm not sure how that pans out for the future but without steady work, I'm not going to risk training an assistant. Fees need to move up and demand needs to increase.

 

[Gobears81]

I'm on track to have a similar year as last year, maybe slightly better, but have been working too hard. There is more competition in this area now and more people are calling around for the cheapest quotes. Considering that the new competition is mostly trainees or inexperienced CGs, I'm losing out on quite a few bids, but I'm fine with that. Still, are appraisals the only service in this country that has not increased in price after COVID?

 

[Mark K]

So far to date I made more appraisal money this year than last year and the year hasn't ended.
Looks like the bottom is over and future looks good.

That can't be. Everyone's losing jobs, inflation is running rampant, housing market is set to collapse, and the sun is going to rise in the west and its all Trump's fault. Or maybe not.

Glad to hear you're doing well thanks to President Trump. Have you sent him a thank you card yet?