What is the standard single family green appraisal going for these days in Florida?
The lowest bid and TAT.
Just so long as we set our own fee...not colluding in violation of law.don’t want to accept a less money if the market in appraisers eyes are much higher. As appraisers we have to band together to keep our fees high and where they should be.
As an appraiser, you have to "band" with yourself and determine what the appraisal is worth to you. Bid what you feel you deserve. If you get it, all's good. If you don't, so be it.It’s not a standard appraisal and a lot more research and work is involved. I took the classes for this last year, but this market niche is small and finally got my first order. Lender offered $350 and had no clue this was a green home, but a local realtor told me that she heard the green appraisals she sold...appraisers where getting $700-$1200 depending the size of the home. I don’t mind taking less than my competitor, but you typically get what you pay for and I’m very detailed in my work with 48hr TAT. I don’t want to accept a less money if the market in appraisers eyes are much higher. As appraisers we have to band together to keep our fees high and where they should be.
For appraisers like you is why our profession is underrated. We should stay together, help together and fight together. It is sad to see how AMC's take advantage of this weakness. It is sad to see how we fight against each other for assignments for as low as $175.00 when it should be a fair price. It is also sad to read stories of other appraisers who intentionally go to appraisers' state hearings to enjoy the miseries of other appraisers who probably have made honest mistakes for whatever reasons. Many of them are because of bad training. Hopefully you get the idea.As an appraiser, you have to "band" with yourself and determine what the appraisal is worth to you. Bid what you feel you deserve. If you get it, all's good. If you don't, so be it.
FTR, I don't do nor am competent to do "green appraisals"It’s not a standard appraisal and a lot more research and work is involved. I took the classes for this last year, but this market niche is small
As I state above - don't sell yourself short! A niche can be very lucrative. Wouldn't you rather do 5 green appraisals for $1,000 vs 15 "regular" appraisals for $350 ????Lender offered $350 and had no clue this was a green home, but a local realtor told me that she heard the green appraisals she sold...appraisers where getting $700-$1200 depending the size of the home.
(my bold) ... you stated that there is a "lot more research and work involved" for these green appraisals (I don't doubt it), but then (again, my bold) you state 48 hr TAT) ... That seems to contradict itself IMO.I don’t mind taking less than my competitor, but you typically get what you pay for and I’m very detailed in my work with 48hr TAT. I don’t want to accept a less money if the market in appraisers eyes are much higher
So what do you propose appraisers do, band together to set a minimum price? Well, that would constitute illegal price fixing under anti-trust laws. Sorry, but appraisers simply cannot "band together" to keep fees high. You need to come up with another idea.For appraisers like you is why our profession is underrated. We should stay together, help together and fight together. It is sad to see how AMC's take advantage of this weakness. It is sad to see how we fight against each other for assignments for as low as $175.00 when it should be a fair price
What is the standard single family green appraisal going for these days in Florida?