How Do You Handle Assigned Appraisal Requests

[Lynne]

from clients you've never done work for?

 

[J Grant]

I call them and ask to speak to someone, a regional manager for example. If I can't get a live person in charge on the phone to feel them out, ask some questions such as payment etc I turn back the order.

 

[The Warrior Monk]

A client that has no agreement with you cannot require you to do anything, nor are you obligated to do anything. You are certainly free to contact them and discuss the potential assignment if you wish.

 

[Lynne]

I call them and ask to speak to someone, a regional manager for example. If I can't get a live person in charge on the phone to feel them out, ask some questions such as payment etc I turn back the order.

Agree J Grant. I'm receiving more & more of these Assignments which are Not fee / turn time bid blast emails.

 

[Lynne]

A client that has no agreement with you cannot require you to do anything, nor are you obligated to do anything. You are certainly free to contact them and discuss the potential assignment if you wish.

Thank you for your reply.

 

[Lynne]

If you decide to accept the new client assignment do you wait for payment or factor the new client?

 

[hastalavista]

If you decide to accept the new client assignment do you wait for payment or factor the new client?

Do you factor your existing clients?

If not, why factor a new one before you've seen how promptly they pay?
If factoring is what you do in general for all or certain clients, and this new client fits that factor-criteria, then why hesitate to factor them with the rest?

 

[bnmappraisal]

from clients you've never done work for?

Generally I come on here and do a search - and look through the Clients - G,B, U section to see if others have any issues with said "client"
I also call a couple guys I know locally to see if they have any experience with said client.

 

[bnmappraisal]

Sorry, but I think I'm missing what "factoring" means

 

[hastalavista]

Sorry, but I think I'm missing what "factoring" means

Selling accounts receivable.

You owe me $500. I can sell it to a 3rd party for $350 (just an example). I get paid immediately and do not have to wait. The entity with whom I sell it to is called a factor.

There used to be a factor representative who would pop-up from time to time on this forum and put up a link to his organization. Maybe s/he see this and chime in.