Freddie: MLS Photo

[DTB]

Wow...some have some pretty good memories where they remember the condition and exact views and other variables of every house in every county they work in.
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Know your market or work a smaller market area. YOU are supposed to be the expert.

 

[Terrel L. Shields]

that should be a higher fee vs. those assignments that don't (SOW).

No, if no drive by then the fee will be less...

Soon if you cut all the extra's out, pretty soon we'll pay the AMC to do an appraisal

 

[hastalavista]

No, if no drive by then the fee will be less...

My fees have gone up over the past 2-3 years, not down. I'm not in one of the COW states. If I can do it, anyone can.

Soon if you cut all the extra's out, pretty soon we'll pay the AMC to do an appraisal

 

[bnmappraisal]

I do a lot of non-lending work where I don't need to drive-by the comparables. Works fine for those intended uses & users

Although I'm sure you do a lot more non lending that I do, this is one great thing I enjoy about these clients.

 

[Terrel L. Shields]

My fees have gone up over the past 2-3 years, not down

The question is whether if you are asked to do a non-pix report you will get LESS for that or will you get MORE for doing the drive by comp requirement. I am saying that certainly no one thinks they will suddenly pay you the same for the non-pix report and more for the pix containing reports. Almost certainly they want a discount if you don't drive your comps. They are not going to offer more to photo than what is paid now.

 

[bnmappraisal]

Almost certainly they want a discount if you don't drive your comps. They are not going to offer more to photo than what is paid now.

I'm not sure. My non lender (and again, I'm only RES, so maybe it's different in the COMM world) work is generally homeowners. The intended use is generally for potential marketing, but there are others as well.Although I take a bunch of pics of the subject for my inspection, a vast majority don't require me to put most of the pics in the report. Many clients tell me they don't want any interior pics b/c they "already know what the house looks like."

As far as comp pics, there's no discount whether they want original pics or if they're ok with MLS pics. Either way, I've driven them.

 

[Terrel L. Shields]

As far as comp pics, there's no discount whether they want original pics

lenders OTOH may view it differently. Do you expect an AMC to offer more for not taking pix than for a report that requires comp pix? Of course, they won't, they will offer you less because you are doing less, in their eyes.

 

[bnmappraisal]

And Terrel, that comes into play with the SOW, LOE and overall fee!

No, lenders, and especially AMCs, most likely would want a discount I would think. But they (in my experience) already have the "original" pic requirement in their SOW/LOE. I do have some direct clients who will accept MLS pics with a comment as to why (usually b/c people out front, busy street, etc) and even though I have inspected from the street and said reason why MLS used, they are ok with this and don't request anything more. Then again, these are "common sense" clients and actually have appraisers in their review depts actually reading the whole report ....

 

[residentialguy]

Know your market or work a smaller market area. YOU are supposed to be the expert.

You seem to be under the joke of an impression that "knowing the market" means that appraisers should know the condition and views and other influences that affect value of every house in every county that we serve. What's even funnier is that you're under the delusion that you know. Let me ask you something. The house that is just 25 houses from you...what color is it?

 

[Deleted member 128537]

I probably use MLS photos 25% of the time due to tree cover and/or long driveways. I always state it and reason why. The reason is we have lots of reviewers that have access to MLS and will know, so I just let them know up front. The biggest problem I have are lenders that want pictures of the driveway after I've already been there and know I can't get a picture of the house. I'm just not going to do that. They can find someone else. Waste of time. Total doesn't allow for saving of 2 comp photos (one of house and another of the driveway). That would be one nice feature in Total since saving the driveway photo is somewhat pointless.