Fee quote requests

[Tim The Enchanter]

I seem to have been getting some request for tough jobs lately.
Ignored one for an interior field review in Malibu. Haha, nah.

Now I get one for a 12,000 SF house on 2 acres in La Canada.
They just bought it a year ago for about $7.8Mil.
How long would this take to measure?
I wonder what they will end up paying for this one.
Somebody else can have fun measuring for about half a day. Never mind finding "comps".

 

[gregb]

Only a modified-dogbox with turrets and rotundas, probably has a fully furnished basement too boot.

 

[ucbruin]

I seem to have been getting some request for tough jobs lately.
Ignored one for an interior field review in Malibu. Haha, nah.

Now I get one for a 12,000 SF house on 2 acres in La Canada.
They just bought it a year ago for about $7.8Mil.
How long would this take to measure?
I wonder what they will end up paying for this one.
Somebody else can have fun measuring for about half a day. Never mind finding "comps".

View attachment 43134

Too hard to bracket the shape of the pool???
Looks like the employee of the month streak is about to come to a screeching halt....

It was a good run, though....

 

[Tim The Enchanter]

Dogbox.

The MLS photos show very high level of detail and upgrades inside.
Going back 2 years there are some comps of a sort.
Only 1 had a higher price in the zip code and it had 18,000 SF per MLS, but that included a 5,000 SF basement, 2,000 SF guest house, etc.
That was $11Mil.

Employee of the month says run like the wind.

 

[andrew81]

Nuclear Powered Flux-Capacitor Super Regression Machine

easy peasy; $325, next day delivery.

cost approach value of $3,120,000, an income approach value of $3,900,000, and a sales comparison approach value in the $7,800,000 range.

 

[EddieB]

Please don’t tell me an AMC is handling this assignment

 

[Eli]

I had one like that. It took hours and hours. It was pouring down rain too. I was dumb enough not to postpone due to weather. Last I heard, an NBA player owned it or was renting it. It had a ball room in it you could have a high school prom dance in with room for a live band.

 

[George Hatch]

I seem to have been getting some request for tough jobs lately.
Ignored one for an interior field review in Malibu. Haha, nah.

Now I get one for a 12,000 SF house on 2 acres in La Canada.
They just bought it a year ago for about $7.8Mil.
How long would this take to measure?
I wonder what they will end up paying for this one.
Somebody else can have fun measuring for about half a day. Never mind finding "comps".

View attachment 43134

I know appraisers who make a good living specializing in properties most appraisers choose to pass on. All it takes is for one really good report of such an appraisal problem to end up in the right hands and you could find yourself running with a different level of clientele.

A 12,000sf house with a detailed floorplan and 3 arcs doesn't take that much more work than a 6,000sf house with one arc. Report it on the AI form and throw in a cost approach with land sales and charge a decent fee for the 3+ days you'll spend on it.

 

[ucbruin]

"I know appraisers who make a good living specializing in properties most appraisers choose to pass on. All it takes is for one really good report of such an appraisal problem to end up in the right hands and you could find yourself running with a different level of clientele."

What's that catchy phrase you longtime AF members like to post every so often....

"No one wants an appraisal, they want to know the value" something like that....

In this case....
Appraisers don't want the challenge, they want the income....

 

[Flakey]

1X$2,000 is not the same as 4x$500