Ever Wondered Who's Selling Us Out?

[Roy Courtney]

Couch says "Quit the whining and learn to compete." You also said in a previous post somewhere that you had gone to teaching school and working as an appraiser part time. If so, is that what you mean by learning to compete? For us to take a different profession and do this part time?

 

[PropertyEconomics]

HSN had appraisals on sale this morning for $42.99 .... I just couldnt find one I liked.

 

[Couch Potato]

Couch says "Quit the whining and learn to compete." You also said in a previous post somewhere that you had gone to teaching school and working as an appraiser part time. If so, is that what you mean by learning to compete? For us to take a different profession and do this part time?

Yes, it is. The number of clients willing to pay a reasonable fee is too small to support someone full-time. The work is just not there for most appraisers. A few can make it, but not most in the residential field. Another option is to structure ones business to make a profit on low fees from AMCs. I chose not to go that route. Although it can be done, I can (and do) make better use of my time.

Whining that people don't want to buy my product at the price I want doesn't help anyone. If someone else wants to sell a similar product at that low price, it is a free country, and they are welcome to do so. Maybe they are a high school drop out, and don't have anything better to do.

The fact is many here are whining about low AMC fees while accepting them. If you accept one low paying AMC job, you are part of the reason fees are low. Don't come here whining about it if you helped cause the problem. :new_all_coholic:

 

[Roy Courtney]

I agree that it would be foolish to grip and whin about low AMC fees and then accept them! I have stated before that my office does not work with ANY AMC even at full fee. Those who work with AMCs at full fee just have not yet realised that they are allowing the AMC to get their foot in the door of the appraisers market. As soon as an appraiser is located in their market a second quicker or a penny cheaper the race is on! Some of these AMCs even ask that you complete an application. This application wants some references and phone numbers. When you give this information you are only helping provide their marketing team with your customer list to undercut your business!

 

[Steve Metz]

Fact: Many crappy lawyers exist (I know, I dismissed several before choosing mine, and he wasn't even all that great), HOWEVER, they were all within 10% of one another on an hourly basis.

In the legal profession state groups do regulate pricing. There is a minimum price book that they have. This is why you will not get a will done for less than $600 ect. The legal profession controls the pricing and no discount lawyers allowed. Appraisers should have the same control.

 

[Wendy]

Ah the power of internet forums.

The website no longer lists fees or profiles (unless I missed them).

 

[Lawrence R.]

If you accept one low paying AMC job, you are part of the reason fees are low.

Fantastic quote, I couldn't have said it better myself...


accepting AMC work and complaining about the low fees is like saying you read playboy for the articles.

Nobody is gonna buy it.

 

[Kevin Mc]

Ah the power of internet forums.

The website no longer lists fees or profiles (unless I missed them).

Right you are Wendy. He now advertises that they have some special certification to do BPOs (i thought all one needed was a database and a pulse). Someone should inform this rocket scientist that if any of his "appraisers" do a BPO, it is in fact an appraisal.

 

[Lawrence R.]

Yes, some do, but the question is how can someone do for $175.00 what others do for $350.00, especially when guaranteeing 24 hour turn times? If so, if you say that and can do that, you'd have to be able to work 24 hours a day - as you'd be the busiest person alive - OR, you're cheating somewhere along the lines, OR the product, the end result, is not the same as mine.



Dave...

Ever read the Black Swan? He talks about 2 guys in it. Here is the scenario. He asks two guys, if a coin is flipped 41 times and every time it has been heads, what are the odds that the next flip will be heads?

Dr. big brain says, easy--the odds remain the same, 50/50, just like every good statistician knows.

Fat Tony says, odds are it will be heads again, the coin has to be rigged, nobody flips heads 41 times in a row...nobody.

When I see the 175 fee and 24 hour turn, I am with Fat Tony---and Dave.

All you Dr. Big brains out there are in for a disappointment on the next coin flip.

 

[Smokey Bear]

So Pam is the violations police?

And more! :new_multi::new_multi::new_multi: