24 Hour Appraisals

[Carnivore]

WOW going from 2G to 5G and cloud is a big deal . Harry the property data collector uploads pdr to cloud with his 5G phone and you the appraiser will get it in a fraction of time. assuming your the cheapest. You use your cloud based appraisal fil in the analysis using other cloud based application etc then another app at the lender reviews your report maybe finds something and boom it is back in your smart device to correct and the client already knows because of cloud . Then you get paid and that is sent to the IRS and come tax time your all set because that IRS form in in cloud

All the above cant happen if we don't have ENOGH ENERGY

 

[cashcatz]

Before I go to "the cloud" for anything, I will revert to crayola and paper.

Hate to break it to you, but you're on the cloud right now as you comment...

 

[DWiley]

Hate to break it to you, but you're on the cloud right now as you comment...

View attachment 103207

Consider this a nomination for AF HOF for this post

 

[JTip]

I'd share my plan coloring pencils with Terrell anytime.

 

[Non Sequitur]

Again, Regorra isn't the only one pushing this stuff. I usually don't post propaganda links, but this one is relevant to the conversation. Save yourself the aggravation of the first minutes and skip to the 11:20 minute mark. What you'll hear is how they are changing appraisers workflow, then how the industry is broken down to two types of appraisers and how he's only developing software for one (hint-hint, it isn't indie appraisers), and the best is around the 17:30 minute mark where he and Hal "AMC" Humphrey break down what to expect going forward; 10-20 minute appraisals, and lower fees but you can make it up with volume by sending trainees out for the 10-20 minute appraisals.

Whether I agree or not with these guys isn't the issue, the issue is they have the podium and we will never be invited to speak.

 

[ZZGAMAZZ]

I could finish an appraisal in 24 hours but I like to wait another day and think about subject property.
Sometimes some issues I didn't consider while being rushed to do the appraisal pop in my head.

Good idea, but if I pause after completing a report for even 24 hours, I review it thinking Who TF wrote this garbage, elimating about 50% of the verbiage [kinda like my perspective of this post if I look back on it later today!]

 

[ZZGAMAZZ]

Completing a 1004 appraisal. receipt of order to delivery of report, in 24 hours isn't really that hard.... assuming that you get the order at 7 am, pick up the phone and the property contact answers, there are no delays in getting access, that you aren't already in the middle of other appraisals, that there are plenty of good comprable sales, that you don't find any problems at the subject property, etc. etc. Of course, if you have more than one Client and one assignment it becomes nearly impossible.

Unsure of how or why, but a few years ago I devoted a few months to accepting only one assignment at a time, accepting the next job only after the current job was completed...and my poductiviity increased, maybe because the scheduling, documentation, accounting, etc., require ... 25% of the total time to complete an assignment.,

 

[Carnivore]

I have heard entities say they will never get rid of Appraisers. What they don't say : We just won't need you as much.
Over at facebook appraiser forum they almost panicked when rates went up and business dropped off a cliff. most common question was How do i get legal work. Well, they should have been visiting law offices while lender business was great. I made a suggestion that they should be multi-licensed. i.e RE Broker ; Licensed Home Inspector or even get a part-time Job or full time job and par-time appraiser. I even suggested that they measure houses for lady realtors. and Include photos. So the responses were mostly negative. because of fear. I get that. I am old, I quit appraising late 2023 two careers was enough.

So the mans book is something to think about. Their is truth in there but not just about us.

 

[Trihard]

Unsure of how or why, but a few years ago I devoted a few months to accepting only one assignment at a time, accepting the next job only after the current job was completed...and my poductiviity increased, maybe because the scheduling, documentation, accounting, etc., require ... 25% of the total time to complete an assignment.,

Watch the video that was linked above by Non-Sequitur. What the GSE's and lenders want is for you to use AI to fill out your appraisal form, the guy said it takes 20 minutes with AI. They want you to do 3 appraisals an hour and I'm sure Class Valuation will offer you $33 per appraisal and claim that you can do 3 an hour which equals $100 per hour. It's going to be the same bull**** from AMC's as always. The thing that they don't talk about and the GSE shill Hal Humprey will never tell you is the amount of bull**** that appraisers have to deal with from clients, borrowers along with taking full liability when signing the report. That whole video was ****ing criminal how they are trying to force feed **** down our throats while calling it a filet mignon.

 

[Joe Flacco]

Again, Regorra isn't the only one pushing this stuff. I usually don't post propaganda links, but this one is relevant to the conversation. Save yourself the aggravation of the first minutes and skip to the 11:20 minute mark. What you'll hear is how they are changing appraisers workflow, then how the industry is broken down to two types of appraisers and how he's only developing software for one (hint-hint it, isn't indie appraisers) , and the best is around the 17:30 minute mark is where he and Hal "AMC" Humphrey break down what to expect going forward; 10-20 minute appraisals, and lower fees but you can make it up with volume by sending trainees out for the 10-20 minute appraisals.

Whether I agree or not with these guys isn't the issue, the issue is they have the podium and we will never be invited to speak.

I actually like the idea of overhauling the whole process. The only problem is these tech guys don't understand real estate.