Appraisals in 2024

[Tom D]

We are in a death spiral. Most here may not need full time income. We will be at the end of that spiral. Then turn out the lights kids when you close that door.

 

[OSU Beavers]

I miss the $10,000 per month Trump years.

 

[DTB]

Rents in the Austin area have been falling for a year

Since May 2023, the average monthly rent in the Austin area has declined. Prices are down 6% compared to this time last year.

www.kut.org

I know that, my son lives in Dallas and FIL does a lot of developer legal work. But that is a short term fluctuation in a long term investment.

 

[George Hatch]

I know that, my son lives in Dallas and FIL does a lot of developer legal work. But that is a short term fluctuation in a long term investment.

I think that if they stop building more inventory in the area (diminished economic viability) the demand will catch up to the supply. Much hinges on local employment trends.

 

[sputnam]

There are no more costs to be cut . Most appraisers work from a home office. They need software, E and O insurance, MLS dues etc.

The costs are not that high relatively speaking, but the reduced income, which is permanent now due to WAIVERS and hybrids, and onerous conditions wrt the increasing time spent addressing ROV , CU, and now the onerous additional information the new forms demand make the profession far less viable on the residential license only side. .

Maybe for some. I talk to appraisers regularly who waste money in foolish ways. Like driving 50 miles, one way, to inspect their subject property. Might make sense for a well paying commercial property. It makes no sense at all for residential.... yet, many appraisers do just that.

 

[Ricky LaFleur]

Maybe for some. I talk to appraisers regularly who waste money in foolish ways. Like driving 50 miles, one way, to inspect their subject property. Might make sense for a well paying commercial property. It makes no sense at all for residential.... yet, many appraisers do just that.

There is something to be said for efficiency, which attributes to the bottom line. Nothing wrong with driving further, but if you get the same pay at 50 miles as 8 miles, you're making less money (overall or per hour). I'd rather that I could refer requests for a property that's nearly 2 hours away from me to appraisers in that area in hopes that those appraisers would do the same. But alas, 'tis an imperfect market and nobody wants to do it that way.

 

[Terrel L. Shields]

Like driving 50 miles, one way, to inspect their subject property. Might make sense for a well paying commercial property. It makes no sense at all for residential.... yet, many appraisers do just that.

Many of my assignments are over 50 miles away. What matters is what you charge. I love being paid for driving somewhere.

 

[Ricky LaFleur]

I love being paid for driving somewhere.

It is pretty fun to drive around the countryside and see new places. I try and utilize the long drives, though. Usually I can listen to a few sermons on a long enough trip.

 

[Fernando]

Many of my assignments are over 50 miles away. What matters is what you charge. I love being paid for driving somewhere.

You save more if you drive an EV. You gas guzzling sucker.

 

[Terrel L. Shields]

You save more if you drive an EV. You gas guzzling sucker.

If I don't mind stopping for 2 hours and recharging 20 miles out of my way. There are no charging stations in a lot of where I go...and my Escape averages 29.7 mpg...about 10 cents a mile. I charge $1/mile. 100 mile RT = $100. FYI - the map is about 50 miles N-S and 80 E-W