- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
A guy called me last week wanting his brother's home appraised so he could purchase it from him and just wanted an idea as to what he should offer. He was a really nice elderly guy, mannerly and slow talking. By the end of the conversation I discovered this gentleman had been ill for a period of years, had no job and lived a frugal life. My fee quote was $150 for full appraisal (needless to say, not my typical fee). Friday was the appointment and I took my assistant with me. The gentleman, dressed in soiled ragged clothing, stood in the pot-holed driveway and waved me in. The dwelling was a typical country rancher, in average condition, but loaded with debris that had accumulated over the years. Upon completion of the inspection, I told him I'd have the report finished on Monday. He quickly reached in his pocket and said "I'll pay you now" and with that pressed some bills in my hand. I set up my desk on the trunk of my car and counted out $190 in larger bills. Then I told him that my fee quote was $150 and I owed him $40, had no money with me and would return the $40 cash on Monday. He just laughed and said to just forget that....and that money wasn't everything. I wrote him a simple receipt and left. He could be a millionaire, or close to it, or he could be really poor, I don't know. But, he's getting his report and $40 on Monday. After putting up with arrogant lenders all week and having to beg big corporations for payment of past due invoices, the week ended on a positive note. As far as the fee goes, I'll make up the difference in what I collected Friday and what I typically charge for an appraisal from the next ill mannered loan officer that comes across the phone line.