Advice on entering the Real Estate Appraisal Field.

[Terrel L. Shields]

Digital cameras did not change photography

au contrare. Postproduction editing with Photoshop has altered the images beyond regular film edits. Cameras even come with software to replicate the old differences within film brands like Ektachrome with always had a blue tint - a pale blue can enhance whites to the eye (which is why laundry bluing was once added to wash water for things like nurses' uniforms.) Afga etc. plus HDR settings (High Dynamic Range) allows shooting back lit scenes far different from anything film can do.

 

[NC Appraising]

Fannie, the lenders, underwriters, reviewers, realtors, loan officers, and yes the general public make it unbearable at times.

Go learn plumbing.

Yes. 90% of my current work are complex orders or orders that won't make value. This was predicted by Fannie Mae.....we will be left with complex orders... I am miserable, bitter and burnt out. Complex orders and value orders feel like you have a target on your back and everyone hates you. The CU machine is just itching to turn you into the board, the re agent and their buddy the mortgage broker will get you blacklisted. It is a no win situation. Damn if you do, damn if you don't.

Come in low..... re agents....no love lost with these POS. They make our lives miserable.

Hit the value, get more work. Hit the value, Fannie turns you into the board.
Come in low, get blacklisted by the lender. Less work



As for plumbing.......watch this. They are buying up local trades as well. These MF needs to be stopped. Institutional investors......buying AMCs and local tradesmen. Everything is becoming corporate!!!

 

[J Grant]

au contrare. Postproduction editing with Photoshop has altered the images beyond regular film edits. Cameras even come with software to replicate the old differences within film brands like Ektachrome with always had a blue tint - a pale blue can enhance whites to the eye (which is why laundry bluing was once added to wash water for things like nurses' uniforms.) Afga etc. plus HDR settings (High Dynamic Range) allows shooting back lit scenes far different from anything film can do.

it used to be done in a darkroom - editing

any advanced techniques were digital are not easy to do with photos shop - it is an art form and learning curve.

People can;t just click buttons and turn out art - thank god ! it still comes down to the eye of the photographer and talent, the camera and photo editing are the same, what people do with them varies vastly -

 

[J Grant]

Yes. 90% of my current work are complex orders or orders that won't make value. This was predicted by Fannie Mae.....we will be left with complex orders... I am miserable, bitter and burnt out. Complex orders and value orders feel like you have a target on your back and everyone hates you. The CU machine is just itching to turn you into the board, the re agent and their buddy the mortgage broker will get you blacklisted. It is a no win situation. Damn if you do, damn if you don't.

Come in low..... re agents....no love lost with these POS. They make our lives miserable.

Hit the value, get more work. Hit the value, Fannie turns you into the board.
Come in low, get blacklisted by the lender. Less work



As for plumbing.......watch this. They are buying up local trades as well. These MF needs to be stopped. Institutional investors......buying AMCs and local tradesmen. Everything is becoming corporate!!!

Yup, with no rise in fees, more complex or oddball orders only and lower volume even in a boom - people who are already licensed are waiting out one more market cycle and more will fold - a few left standing might do okay but why would anyone knowingly and willingly enter it for a res only license -unless they are a masochist-

 

[ucbruin]

Yes. 90% of my current work are complex orders or orders that won't make value. This was predicted by Fannie Mae.....we will be left with complex orders... I am miserable, bitter and burnt out. Complex orders and value orders feel like you have a target on your back and everyone hates you. The CU machine is just itching to turn you into the board, the re agent and their buddy the mortgage broker will get you blacklisted. It is a no win situation. Damn if you do, damn if you don't.

Come in low..... re agents....no love lost with these POS. They make our lives miserable.

Hit the value, get more work. Hit the value, Fannie turns you into the board.
Come in low, get blacklisted by the lender. Less work



As for plumbing.......watch this. They are buying up local trades as well. These MF needs to be stopped. Institutional investors......buying AMCs and local tradesmen. Everything is becoming corporate!!!

A brutally dark and honest post....

 

[J Grant]

As I said in the original post, the lead topic that shows up on the url is misleading. It shows whatever their initial post and analysis about it was which was around the time of the pandemic at about 40%. If you actually go into the site to pull down the most recent data, it shows the current stats, which are about 12% and which is where it has been for a while. Like any good appraiser or reviewer, you have to dig in to look at the most recent data and not just stop at the old headline. The website isn't the greatest, but the data they produce is pretty good.

sorry but I have no idea who that AEI organization is - The data is presented as consulted in different tiers on charts - the GSE's or fannie/freddie could easily tally a total each month or week or loans financed using waivers, but they choose not to ---------------

 

[lostinthezone]

sorry but I have no idea who that AEI organization is - The data is presented as consulted in different tiers on charts - the GSE's or fannie/freddie could easily tally a total each month or week or loans financed using waivers, but they choose not to ---------------

AEI is the American Enterprise Institute. You might remember them as the org that did the rebuttal to the GSE Appraisal Bias study? Ed Pinto leads their Housing data analysis. The GSE's regulator releases the data which AEI draws from to come up with their conclusions.

 

[Elliott]

I became interested in becoming an appraiser in '72 when I took an AI course and there was a room of 60-young men who were mostly employed and wanted to get designated and improve their education. The appraisal industry goes up and down with interest rates and how affordable homes are. For all of Barney Franks faults, he wanted higher ownership rates. But then the '08 crash and the government had to take over FNMA. I was surprised the other day to hear that Fudge, HUD Secretary, was proud that they had prevented foreclosures during her tenure. Well if your not going to foreclose, what difference do values make? Appraisers unfortunately are under the thumb of the government, Fannie seems to wag Freddie and FHA. If there was a 'risk' element and GSEs had to use real money, then there would be a need for the residential appraisers. DEI and appraisal bias charges have put appraisers in a crosshair. I doubt today there are classes of young appraisers who look eager to enter the field or start their own companies.

FNMA Stock Price:

 

[TC]

 

[JTip]

Hi, I'm Eric, a 52-year-old entrepreneur

By the time you take classes, find a mentor, secure 1500 hours, pass the test, starve for 5 years while the ink dries on your certification, leave your 50% fee split mentor to open your own office, land your first good client on your own, and finally specialize in one of several appraisal avenues to generate your first 6 figure year, you will be drawing your first SSI payment.

We are the street horse poo cleaners right before Ford invented the "affordable" car.