Disaster Area Inspections

[Mike Garrett RAA]

2075.....$150 in town, $200 out of town in my market. Personally, I don't want to do them and probably won't but that is a typical fee for here.

 

[GCJim]

Very disheartening to still hear of people doing these for $65-to-$100 here in NJ.
Very foolish and very ignorant, 'business people'. (One of the few businesses I know of where the people doing the actual work bear a good part of the cost of doing business for their masters.)

 

[ZZGAMAZZ]

My experience is virtually nil, but I seem to recall that MV as it pertains to insurance replacement cost is an entirely different animal; in fact M&S has a separate cost catalog for that type of application.

 

[Terraform]

2075.....$150 in town, $200 out of town in my market. Personally, I don't want to do them and probably won't but that is a typical fee for here.

Hi Mike, why would you not do them? There is no damage from the local
Disaster Summary For FEMA-DR-4068, Florida
Declaration Date: July 3, 2012
Incident: Tropical Storm Debby
Incident Period: June 23, 2012 and continuing…

in my area, the drive and report takes about 1 hour.

 

[Terrel L. Shields]

recall that MV as it pertains to insurance replacement cost is an entirely different animal

Reconstruction cost does not equal replacement nor reproduction costs because it includes demolition and disposal.

 

[NYGAL]

Someone have a good comment for the 2075? I am doing a few of them based on a drive by and would appreciate a
Good comment to add to the addendum.
Thank you

 

[Don Clark]

Received an e-mail from an appraiser in North Carolina who has been trained by FEMA? He has suspended his entire business to go to New Jersey/New York and do FEMA required inspections at $50.00 per. He was asking for donations to offset his loss of business.

I am sure he saw it as an alturistic and humane task. Sorry, until FEMA and all the contractors they hire start doing their work for less than minimum wage I will saty put and do the few I have in this market on the Disater Area form in Total. I only do them on properties I have already appraised but have not closed.

 

[Don Clark]

Just got another e-mail from the appraiser asking for donations. Anyone interested?

[url]http://www.gofundme.com/1gllp8?utm_campaign=Emails&utm_source=sendgrid.com&utm_medium=email[/URL]

 

[Mr Rex]

I got the same e-mail. I also got a solicitation to go do FEMA inspections. I have met several folks that go on these deployments, they don't need handouts, they make more money doing the FEMA inspections than appraising.

 

[Don Clark]

I got the same e-mail. I also got a solicitation to go do FEMA inspections. I have met several folks that go on these deployments, they don't need handouts, they make more money doing the FEMA inspections than appraising.

That was my thought as well.

For those concerned about this type of work being USPAP compliant, it is very likely that they are done under a jurisdictional exception that waives most if not all USPAP requirements due to a disaster declaration.