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I believe I just fired e-AppraiseIT for Good!

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stefan olafson

Thread Starter
Senior Member
Joined
Apr 2, 2003
Professional Status
Certified General Appraiser
State
North Dakota
I work in a rural area with limited access to MLS and sometimes very poor public data. I've done work for this company for quite some time and have always been afforded my fee based on the remoteness and the difficulty in finding and verifying data.

Yesterday I accepted an assignment in a city 60 miles from my office. Travel to and from, research at city and county offices, trips to each of three real estate offices (no MLS) and then photographs of at least six comparables. Approximately 140 miles round trip, most of half a day finding and verifying all data. They offered $260, I countered at $425. Just now, after setting up an appointment for tomorrow morning, the Indian arm of the company just called and said all they can pay is $300. I know they collect at a minimum $525 from home owners! It's at or below zero with six inches to a foot of snow on the ground. Why would I drive there do all the work and not be paid properly for my work.

I'm going to contact the homeowner and let them know I couldn't do the job because they were not going to pay me my going rate!
 

Lawrence R.

Senior Member
Joined
Mar 27, 2007
Professional Status
Certified General Appraiser
State
South Carolina
I work in a rural area with limited access to MLS and sometimes very poor public data. I've done work for this company for quite some time and have always been afforded my fee based on the remoteness and the difficulty in finding and verifying data.

Yesterday I accepted an assignment in a city 60 miles from my office. Travel to and from, research at city and county offices, trips to each of three real estate offices (no MLS) and then photographs of at least six comparables. Approximately 140 miles round trip, most of half a day finding and verifying all data. They offered $260, I countered at $425. Just now, after setting up an appointment for tomorrow morning, the Indian arm of the company just called and said all they can pay is $300. I know they collect at a minimum $525 from home owners! It's at or below zero with six inches to a foot of snow on the ground. Why would I drive there do all the work and not be paid properly for my work.

I'm going to contact the homeowner and let them know I couldn't do the job because they were not going to pay me my going rate!

You're going to fire them? They couldn't even get an interview with my company!!:rof:
 

kentbuckeye

Freshman Member
Joined
Dec 26, 2007
Professional Status
Appraiser Trainee
State
Ohio
$

Geee, I was not aware that appraisers had to eat! Maybe I better find some other kind of in:beer:come too! Drinking sounds easy!
 

Webbed Feet

Elite Member
Joined
Feb 11, 2005
Professional Status
Certified Residential Appraiser
State
Canada
Mr. Olafason,

Ahhhhh don't stop with just that!

Call up every good client you have willing to pay a fair fee.... and tell em all about the really hot mortgage lead you have for them!

;)

Webbed.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
The last time I got a call from them, it was for a new 2Mil lake home. I quoted $zzz my fee and turn time (which is fast since I've lived on the lake for many years and watched all the old houses being razed for new mansions). She said she'd call back if she could get the fee approved, I wasn't holding my breath. A week later, a "he" calls and ask for a RUSH fee quote and turn time... they needed it the next day. So I quoted $zzz my rush fee, no go. A couple days later, the owner calls and says he needs an appraisal since their lender was dragging their feet. I told him "the why" of why they were dragging their feet, he was pizzed! Then asked me who to go to for a loan, and I sent him to one of my best clients. The deal got closed the following week. :)
 

stefan olafson

Thread Starter
Senior Member
Joined
Apr 2, 2003
Professional Status
Certified General Appraiser
State
North Dakota
I just called the homeowner and informed him I wouldn't be able to complete the appraisal tomorrow. He asked why and I told him it was because the company that ordered the appraisal was offering $260 to complete the assignment and I quoted $425.00. He asked why again and I told him point blank that the appraiser who eventually would do the appraisal was either incompetent, stupid, or both. That working for poverty wages just doesn't interest me.

I'm emailing his name to two lenders who may want him as a client?
 

Michael Tipton

Senior Member
Joined
Sep 25, 2005
Professional Status
Certified Residential Appraiser
State
Florida
I just called the homeowner and informed him I wouldn't be able to complete the appraisal tomorrow. He asked why and I told him it was because the company that ordered the appraisal was offering $260 to complete the assignment and I quoted $425.00. He asked why again and I told him point blank that the appraiser who eventually would do the appraisal was either incompetent, stupid, or both. That working for poverty wages just doesn't interest me.

I'm emailing his name to two lenders who may want him as a client?

That will be our best response-action against this BS. eAppraiseIT, call me, I'll tell you the same to your rep! :clapping: :clapping: :clapping:
 
Joined
Aug 16, 2007
Professional Status
Licensed Appraiser
State
Virginia
I love the idea you guys have of sending the lead information on to our good clients, HOWEVER.... will this in some back handed way reach up and bite us in the hind end with regard to confidentiality? Please don't get me wrong.. I am on your side....I LOVE the idea but you know the homeowner may tell this comp checking lender the next time he calls, " well Conservative in VA told me to call x lender right here in Richmond" blah blah blah and next you know comp check lender sues me for distribution of their confidential information... gads
 

Michael Tipton

Senior Member
Joined
Sep 25, 2005
Professional Status
Certified Residential Appraiser
State
Florida
I love the idea you guys have of sending the lead information on to our good clients, HOWEVER.... will this in some back handed way reach up and bite us in the hind end with regard to confidentiality? Please don't get me wrong.. I am on your side....I LOVE the idea but you know the homeowner may tell this comp checking lender the next time he calls, " well Conservative in VA told me to call x lender right here in Richmond" blah blah blah and next you know comp check lender sues me for distribution of their confidential information... gads

What is confidential about a broadcast request seeking the lowest fee and turn time? All I have is a name and/or address. Confidentiality starts when both parties agree to accept an appraisal assignment terms and proceed with the request.
 
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