yeah i thought the supply and demand (posters) would be giving lessons here.
OK, I will bite on this.
Even yesterday, for a simple subdivision home, I quoted $1800 because they want the report back on Tuesday—and it was approved.”
We don't know the whole situation on this. Did the appraiser die and they need to close on a certain date? Did the lender need an inspection on a holiday and the report back the next day?
Is the AMC a terrible company to work with and has a bad reputation?
I had a situation last year around June or July where the subject was in a small town and was a challenging property. The AMC had two appraisers inspect the property and turn the report back. The AMC was calling appraisers 50 miles away to do this assignment as it was already three weeks old.
A guy they called 30-40 miles away knows me and referred the report to me. I live about 7 miles from the subject.
The AMC has a horrible reputation of low fees and idiot reviewers. The guy from the AMC called me and I wasn't interested but quoted $1,000 and three weeks for the report with a trip fee of half if I had to cancel the assignment.. I also told the guy I don't update websites and the report would be sent in by the due date.
He wanted a fee that started with a 3 and a week turn time.
A week later he called me back and agreed to my terms.
Then within hours the automatic e-mails started wanting updates. I ignored them as I told the phone guy I would. Then after a couple days he was calling me and said he needed an update on when I was going to inspect. I told him that the reason I quoted three weeks was because my desk was full and I needed to coordinate my schedule with the heavy work load and that the due date was still over two weeks out. He became an *******.
I went to the property at some time in the three week period and did a lot of research, meanwhile getting multiple e-mails about status, blah, blah, blah. There was no way this property would be eligible and the comps were all commercially zoned although the subject wasn't.
If that company ever calls me back the fee for whatever they need will be more than $1,000.
Sometimes clients affect supply and demand. Sometimes situations affect supply and demand. Sometimes a combination of both affect supply and demand.
