Fee quote requests

[Terrel L. Shields]

Appraisers don't want the challenge

Some of us realize that to be challenged implies you not only can fail you will fail sooner or later and that might be fatal.

https://www.washingtonpost.com/sports/2019/11/29/american-brad-gobright-dies-after-rock-climbing-fall-mexico/

 

[CANative]

See if the plans are still around or talk to the architect and see if there is a digital plan available.

3+ days. Heh. Would take me a week or more.

I'd bid $3,500 or so because that's what people who own and people who loan on this would'd blink.

I think Denis D has done that type of property in the East Bay.

 

[CANative]

Too tired and worn out to throw a tape on this one yesterday. Unroll the plans on the washer/dryer, take out my trusty engineer's scale, done in 10 minutes. Take a walk through making notes and taking photos. 30 minutes on site. 20 minutes to drive the comps. 1.5 hours back to home base.

 

[Terrel L. Shields]

Take a walk through making notes and taking photos. 30 minutes on site.

That is so ugly it's kinda cute... I could live there if it was in the desert somewhere I wanted to be. Maybe S. New Mexico

 

[Tom Woolford]

Sorry, I Got partially eaten by a Great White Shark last week and will be laid up for a while.

 

[George Hatch]

Too tired and worn out to throw a tape on this one yesterday. Unroll the plans on the washer/dryer, take out my trusty engineer's scale, done in 10 minutes. Take a walk through making notes and taking photos. 30 minutes on site. 20 minutes to drive the comps. 1.5 hours back to home base.

The office building I inspected this morning looks kinda like that, except for the arc at the front. The inside floorplan is just as dysfunctional

 

[Overimprovement]

It's not that most of us would not enjoy the challenge of such an assignment, its just that we know that the winning 'bid' will be 3 figures. I would argue that time and headache wise, its probably a $3,000-$5,000 assignment. Maybe knock a little off for having a nice 'resume-appraisal'. And/or meeting a famous person's butler's assistant.

If the nationwide median home price is around $250K, and the median 1004 appraisal fee is $400 (not seen any firm nationwide figure, just guestimating here), that is 0.16%. Scale that up to a ten million dollar home, perhaps the fee should be in the $16,000 range.

 

[CANative]

That is so ugly it's kinda cute... I could live there if it was in the desert somewhere I wanted to be. Maybe S. New Mexico

It's about 400 feet from the Pacific Ocean in Fort Bragg, just north of the historic village of Mendocino. Flipped floorplan (kitchen and L/R upstairs.)

 

[CANative]

It's not that most of us would not enjoy the challenge of such an assignment, its just that we know that the winning 'bid' will be 3 figures. I would argue that time and headache wise, its probably a $3,000-$5,000 assignment. Maybe knock a little off for having a nice 'resume-appraisal'. And/or meeting a famous person's butler's assistant.

If the nationwide median home price is around $250K, and the median 1004 appraisal fee is $400 (not seen any firm nationwide figure, just guestimating here), that is 0.16%. Scale that up to a ten million dollar home, perhaps the fee should be in the $16,000 range.

La Canada/Flintridge/Pasadena.

I doubt if a 3 digit fee would be expected. $1,500 on the low end. $2,500 most probable. $3,500 would make it worth the time.

 

[Tim Hicks (Texas)]

Too tired and worn out to throw a tape on this one yesterday. Unroll the plans on the washer/dryer, take out my trusty engineer's scale, done in 10 minutes. Take a walk through making notes and taking photos. 30 minutes on site. 20 minutes to drive the comps. 1.5 hours back to home base.

That appears to be a simple plan to measure. You must be losing it.