How Many Appraisals Do You Complete Each Week?

[Dublin ohio]

My rule is 1 per business day. Occasionally I might squeeze in another depending on property type. I do a fair amount of rural. So tough to do more than that. Sometime spend half of day or more inspecting subject and shooting comps just for 1 property. Does not leave much office time. Do a reasonable amount of new construction. So I usually have a few completion inspections I throw in here and there.

 

[Bob Ipock]

Difficult to do more than one a day and that is what limits income for the typical residential appraiser. Rushing and cutting corners just results in more time spent on corrections and such. I have part time office work 3-4 days a week and still can only get 5 done in a week without working longer hours.

 

[Eli]

In my market, it takes me 12 to 16 hours on most. So do the math.

I sleep well at night.

 

[Michigan CG]

2 a day is the goal so i inspect 4 one day and type them the next.

My goal was three inspections, got two done. I drove 98 miles doing two inspections and driving 12 comps. Drive and inspection time was 5.5 hours.

First property is a house on 18 acres with a 1/2-acre pond and a 30' x 50' concrete block outbuilding. This client requires land sales to be in the report. I have a database of about 500 land sales although only about 100-120 are still pertinent for today. It takes time to keep up that land sale database.

Second property was a house on two acres in a township that has about 1,200 total population. Comps were 8 miles in any direction. Old farm house with at least two additions, maybe three. Had two 3-car detached garages.

Washington, D.C. (your market) has a land area of about 70 square miles. The picture below, with the yellow outline is about 70 square miles. Two of the comparables were in that yellow box.

Be thankful for what you have.

 

[ucbruin]

My goal was three inspections, got two done. I drove 98 miles doing two inspections and driving 12 comps. Drive and inspection time was 5.5 hours.

First property is a house on 18 acres with a 1/2-acre pond and a 30' x 50' concrete block outbuilding. This client requires land sales to be in the report. I have a database of about 500 land sales although only about 100-120 are still pertinent for today. It takes time to keep up that land sale database.

Second property was a house on two acres in a township that has about 1,200 total population. Comps were 8 miles in any direction. Old farm house with at least two additions, maybe three. Had two 3-car detached garages.

Washington, D.C. (your market) has a land area of about 70 square miles. The picture below, with the yellow outline is about 70 square miles. Two of the comparables were in that yellow box.

Be thankful for what you have.

View attachment 35443

Not trying to push any buttons but just curious how much volume comes your way with your business philosophy of only accepting assignments located within 30-35 miles from your home?

 

[Michigan CG]

Not trying to push any buttons but just curious how much volume comes your way with your business philosophy of only accepting assignments located within 30-35 miles from your home?

Geographically I have issues. Seven miles from of me is one of the Great Lakes; 15 miles from me is another state that I don't have a license in and 12 miles from of me is a different county where I only mostly do residential litigation. My set boundary is about 40 miles west of me.

As I stated in a thread a week or two ago I have only completed 4 AMC reports this year so my volume is fine with me as I still have to work some nights and weekends to keep up. If I needed more work I would try to get more AMC work.

 

[Digger88]

My goal was three inspections, got two done. I drove 98 miles doing two inspections and driving 12 comps. Drive and inspection time was 5.5 hours.

First property is a house on 18 acres with a 1/2-acre pond and a 30' x 50' concrete block outbuilding. This client requires land sales to be in the report. I have a database of about 500 land sales although only about 100-120 are still pertinent for today. It takes time to keep up that land sale database.

Second property was a house on two acres in a township that has about 1,200 total population. Comps were 8 miles in any direction. Old farm house with at least two additions, maybe three. Had two 3-car detached garages.

Washington, D.C. (your market) has a land area of about 70 square miles. The picture below, with the yellow outline is about 70 square miles. Two of the comparables were in that yellow box.

Be thankful for what you have.

View attachment 35443

good lord bro that would definitely suck! i frequently do 4 inspections all within 60 miles total. and that pisses me off, lol.

 

[ucbruin]

Geographically I have issues. Seven miles from of me is one of the Great Lakes; 15 miles from me is another state that I don't have a license in and 12 miles from of me is a different county where I only mostly do residential litigation. My set boundary is about 40 miles west of me.

As I stated in a thread a week or two ago I have only completed 4 AMC reports this year so my volume is fine with me as I still have to work some nights and weekends to keep up. If I needed more work I would try to get more AMC work.

I assume you are saying that within the 40 miles, in one direction, there is sufficient appraisal volume to suit you...
I can understand why other appraisers, located in your area of the state, are willing to expand their territory....

 

[Michigan CG]

I assume you are saying that within the 40 miles, in one direction, there is sufficient appraisal volume to suit you...
I can understand why other appraisers, located in your area of the state, are willing to expand their territory....

When responding to your posts I always have to keep in mind that you are looking for ways to insult me..............

In my area described there is sufficient work to suit me. Yes.

Most appraisers have a business model of doing all lender work and unfortunately most of that work comes from AMCs. That is not my business model. Of course I do lender work, I have to and I like some of it. I get a lot of Mercury Network, I get a lot of direct order work and I get a lot of private party work. I have two direct lenders who have contacted me to do work in my area that I need to respond to which will mean I will continue to ignore AMC work.

My referral work is continuing to build; I have five active files.

I am willing to do litigation work that some are not willing to do.

==========================

Your second statement about why some are willing to expand their territory:

Many don't need to expand; they take a lot of AMC work so they can stay local. We do have a lot of idiots who come here who know nothing about the market in their quest to expand their territory. Two (maybe three) of those people now have complaints to the state that will not be good for them.

 

[miktay]

do the minimum to satisfy USPAP/lender and move on to the next one.

Ouch.