Disaster Area Inspections

[GCJim]

You can bet your sweet bippy that they're charging the end client two or three hundred dollars a pop.

Absolutely!!!!!.
PLEASE wake UP, people!!!

 

[manyblessings]

Which is exactly why I asked to get an idea of what other appraiser's feel is fair. I don't want to be greedy, but I also don't want to be an idiot and paid fairly! Especially with the condition of things right now!

 

[GCJim]

Which is exactly why I asked to get an idea of what other appraiser's feel is fair. I don't want to be greedy, but I also don't want to be an idiot and paid fairly! Especially with the condition of things right now!

Many,
The demand for these types of assignments is potentially large right now. The supply of competent appraisers MAY be somewhat limited at the moment.
I would go big if I were you. Don't forget, (and I hate to sound negative, because I am actually not) you are dealing with companies / AMCs that likely have a fairly long history of unscrupulous, unfair, and unethical behavior, at LEAST, imnsho. They also capitalize on appraisers at every turn, and at every chance, to take hard-earned money away from you to keep for themselves, under the guise of a mysterious firewall, or something like that.

They smell blood right now, in that many have just received a PILE of orders for disaster inspections. PILES and piles!!! Almost every mortgage application in play right now in the ENTIRE STATE is likely in PLAY for a disaster inspection.

They have to hire appraisers!!!!!.

WHY???


Because they ----the AMCs------don't have appraisal licenses!!!!!!

And THEIR ONLY GOAL IS.........................

and I mean the ONLY GOAL

...
...
Read on......
...
...
is NOT the appraisal itself, but.....

....

....
...
...
....
..
...
....
...
to keep as MUCH of the MONEY as they possibly can, PERIOD, and they will LOWBALL, LIE, DO or SAY anything to you to accomplish this.

SEE? GET IT?

At least this is what I would do if I were an AMC.

I may just do this, because......let's just say, there are large numbers of appraisers that just don't get it, are not very bright, and so on, and I might be able to make way more fooling appraisers out of money than I can actually DOING appraisals.

GET IT?

I know I sound kinda silly right now, but I'm really exhausted from the storm. AND, I heard from ValuTrust America or Value TRUST America, offering me a whopping 65 crumbs for a disaster inspection before the last winds of Hurricane Sandy died down, headed toward Pittsburgh (the AMC capital of earth).
(I asked them if they wanted me to drive my car to the inspection, then it would be $275. MINIMUM.)

AND..........BEST OF ALL............this is all 100% TRUE!!

This is exactly how the disaster inspection end of the residential appraisal industry works, with no exception.

So, PLEASE, be smart!! Don't be taken complete advantage of, and don't be fooled by these criminal elements.....they are really WORMS in your WALLET (or pocketbook, whichever the case me be.)

THE FIRST RULE, as in any appraisal assignment is, the assignments are worth quite a bit more than what they are offering YOU, so they can KEEP THE REST. (If you were the AMC calling the appraiser, what do you think you would say / do)
Easy Peasy, right?

This is how to drive fees UP in the appraisal industry.

All the best.

 

[Terrel L. Shields]

been deluged with $65.00 orders for

Dear Sirs -
You seemed to have omitted a zero on the end of your fee...


A - You cannot predict what "impact" on market will occur because there are no sales and won't be for weeks.

B - You cannot tell if the property is damaged without an interior inspection and specialized knowledge few of us possess. Most damages would be hidden. Even the obvious damages are not always visible from the road such as

Flooded basement
leaks in house
Shingles off the back side (the storm that whacked me took the shingles only on one side - the back)
Entire items could be missing (decks, landscaping, etc.)
Gas mains may have got overpressured
Water lines damaged if a washout in the yard
Septic system flooded
And a biggie - sewage backing up into houses that were otherwise not flooded.

 

[Delta85]

I'm getting swamped with these here in CT. the last couple days. I charge $150 but if they want an interior (some do) I charge $200.

 

[Meandering]

Those of you not impacted that expect to be driving into areas where damage occurred...

Please...

LOOK UP

There are many, many trees and poles that are broken, hanging and leaning. While power may be on, these widow makers will be coming down, and for some, it won't take much.

Do not go into areas where you could become a victim or have a tree come down and cutting off your access out of an area, or worse, landing on you and/or your car, all over $65.00.


.

 

[GCJim]

Do not go into areas where you could become a victim or have a tree come down and cutting off your access out of an area, or worse, landing on you and/or your car, all over $65.00.

.

Ye old 'dead man's limb', as it is lovingly referred to. Great advice.

 

[ctapraser]

I'm getting swamped with these here in CT. the last couple days. I charge $150 but if they want an interior (some do) I charge $200.

Yup, The $200+ fee seems to keep most of them away. Not sure why an appraiser would want to do these things for $65?

 

[manyblessings]

Thank you everyone for all the great responses! I'm so glad I've joined this appraisal community here. Please be sure to keep SAFE out there. I plan to listen to the advice from my peers, rather than be pressured by these lenders who could care less about us!! GOD BLESS YOU ALL

 

[manyblessings]

oh and btw - the one company who sent me two of these before the storm was even over at a fee of $100, never once showed any concern for the situation, but has sent me 4 status update requests per day since then!!