- Aug 8, 2016
- Professional Status
- Certified Residential Appraiser
Hi all. I am a new appraiser, who up to this time has done only residential appraisals for AMCs/lenders. A buddy of mine is a new attorney and has asked me to do an appraisal for him for a divorce case. The property is like 40 miles away, but I reluctantly agreed because it would be nice to create a new revenue stream. So I read these forums and drew up a long-winded agreement regarding my fees, etc. He gets back to me saying, " Hey, I looked this over, can you make the husband (his client in the divorce) the client and deal directly with him?" I told him no, that he (my buddy) approached me and therefore he and his firm are the client, and if the husband wants to hire an appraiser, he can find one closer and cheaper than me. I am assuming his boss saw it and didn't want to be on the hook for paying me,especially if testimony is involved. I don't know the husband's story, and who the hell knows if he is gonna get raked over the coals in some ugly dispute, or declare bankruptcy, etc. On top of that, I am a fairly green appraiser to begin with, hardly 'expert testimony' material, and fear I would get slaughtered in court. I know I could defend my report, but in this case, probably not my competence in the neighborhood/market that is 40 miles away from my office, albeit still the Greater Cleveland area. I would just like your thoughts on this process please. Thanks !!