Horry County Sc Are There To Many Real Estate Appraisers In Area?

[Joseph Butkus]

Working for $375.00 per appraisal and can not get enough work. What is up with this area?

 

[Meandering]

Volume is down across the board.

Consider if you had spent all these years getting $450-$600 per report, you might have enough savings to survive a volume downturn.

Interest rates going up, refinances going down, and sales dropping, But, don't bet you'll get 50 a day bi-f appraisals either. Even if you can do 50 a day, if no one is borrowing, there isn't any volume there either, and you'll have even less money to survive this down turn.

Good luck to you.

 

[timd354]

Working for $375.00 per appraisal and can not get enough work. What is up with this area?

Are you new to that area?

 

[Joseph Butkus]

Are you new to that area?

Yes I am, 1+ year everything was done through AMCs in Colorado here I am hearing banks do not have to go through AMCs. Area is building so much thought no problem getting 15 appraisals a month. Not happening, any help is appreciated.

 

[timd354]

Yes I am, 1+ year everything was done through AMCs in Colorado here I am hearing banks do not have to go through AMCs. Area is building so much thought no problem getting 15 appraisals a month. Not happening, any help is appreciated.

You moved from one of the states with the best situations for appraisers from a supply and demand perspective to a different state with a different market dynamic. If many of most lenders there are not using AMC's, then you are simply just going to have find out who those lenders are and figure out how to get added to their panel. The problem right now is that mortgage volume has decreased in 2018 compared to the prior few years and most lenders may not need to add any appraisers to their panel.

I wish you the best of luck in finding new business.