I am not doing the 3.6 FORM deal

[Alsie35]

I averaged 500/year the first 10 years I was in business. All for one local S&L, 95% of which were within 5-7 miles of my office, nearly all located in subdivisions for which I had templates made up in the computer. On some, all they wanted was the 704 form. When I was out driving I took photos of every house that was for sale, had them developed and put the copies of the photos in a file to use for comp photos. They converted to a Bank and went public; I bought 3% of the stock. Always wondered if there was a conflict of interest? LOL! And then they got bought out by a TBTF. I left mtg appraising and moved to R/W work for the last 24 years of my career.

Was I a skippy? Don't know, don't care. I made enough in those first 10 years to become totally debt free. The lender never foreclosed on any of the homes I appraised. Client was happy, so was I.

THIS. Is the DEFINITION of having developed an appraising SYSTEM for your business. (Call me "Been There, Done That").

 

[Fernando]

Try doing REO or hard money work. I went into a boarded-up row house in Oakland one fine morning and had to use my flashlight to see, as somebody had screwed up and hadn't turned the utilities on.
Rubbish and crap were everywhere, the filthiest, smelliest place you can imagine. I even found the mummified carcass of a dead dog some idiot had locked up. I don't think I will ever get over it.

There was one house for sale and was "cheap".
When I went inside the home, it stunk so bad and I saw a dark outline of a human body on hardwood floor.
An old lady died, and her body laid there and decomposed since no one checked on her.

 

[Cascada]

All of the above, I agree. I took the class and indeed it is a lot of work and an abomination for people who just want to put the form we produce inside a computer and then AI will let us know how to really make an appraisal report. Not for $375!!. I do private work so perhaps that is the way I go from now on or the $750 starting fee is appetizing, but the ones that will be getting that fee will be the AMC, not us. We have done it to ourselves. Get paid like -----t, more work, lots of aggravation, maybe is time to retire.

 

[djd09]

There was one house for sale and was "cheap".
When I went inside the home, it stunk so bad and I saw a dark outline of a human body on hardwood floor.
An old lady died, and her body laid there and decomposed since no one checked on her.

wear your mask...mouth breather

 

[Airstream]

I just looked at Alamode’s projected software development. They won’t be completely done until September of 2026!!! How the heck is that going to work? So as an alamode user I won’t know anything about how it will all work together for close to a year. Will they refund my money if I choose a different software. How in the world does F/F even begin to think this will be operative by the end of 2026? What a joke.

Last night I was thinking we should all go on strike. Why do we let the GSE’s dictate this stupdiity?

 

[Fernando]

I just looked at Alamode’s projected software development. They won’t be completely done until September of 2026!!! How the heck is that going to work? So as an alamode user I won’t know anything about how it will all work together for close to a year. Will they refund my money if I choose a different software. How in the world does F/F even begin to think this will be operative by the end of 2026? What a joke.

Last night I was thinking we should all go on strike. Why do we let the GSE’s dictate this stupdiity?

I took the new form class last month just to learn about it but I will take it again late next year when the form will actually be in effect.
I'm expecting MAJOR changes and will have to relearn the new form.

 

[Dublin ohio]

I took the new form class last month just to learn about it but I will take it again late next year when the form will actually be in effect.
I'm expecting MAJOR changes and will have to relearn the new form.

The classes you are taking now will only be of minimal help when learning to use the software. Software has the greatest learning curve

 

[Fernando]

wear your mask...mouth breather

I can't help it. It's habit being mouth breather. My wife tells me to stop it.

 

[Fernando]

The classes you are taking now will only be of minimal help when learning to use the software. Software has the greatest learning curve

It's hard initially but once I have all the canned comments, I can clone reports and find shortcuts in doing a skippy appraisal. Did I just say that?

 

[chad hampton]

I averaged 500/year the first 10 years I was in business. All for one local S&L, 95% of which were within 5-7 miles of my office, nearly all located in subdivisions for which I had templates made up in the computer. On some, all they wanted was the 704 form. When I was out driving I took photos of every house that was for sale, had them developed and put the copies of the photos in a file to use for comp photos. They converted to a Bank and went public; I bought 3% of the stock. Always wondered if there was a conflict of interest? LOL! And then they got bought out by a TBTF. I left mtg appraising and moved to R/W work for the last 24 years of my career.

Was I a skippy? Don't know, don't care. I made enough in those first 10 years to become totally debt free. The lender never foreclosed on any of the homes I appraised. Client was happy, so was I.

Don’t remind everyone what the business used to be. Only leads to depression to think what they stole from us

Now it’s a side gig. Decent enough. But those early years for me were amazing - learning to grow a business, developing client relationships, getting out there meeting other RE professionals, etc. Hell, I even enjoyed taking bagels and pastries to brokers offices just for the hell of it.

I sometimes wonder how large an office I would have today had that not been taken away.