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If You Could Do It All Over Again..

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Damon Young

Sophomore Member
Joined
Jun 15, 2003
If you could re-start you business... do it all over again, knowing
what you know now... what would you definitely do... or not do... in
setting up your business?

Damon Young
 

Travis McGee

Senior Member
Joined
Sep 18, 2004
I wouldn't be an appraiser! (half joking) Seriously, I would have charged higher fees and not been so eager for business to let clients jerk me around the way they used to. Would have been a much tougher business person. My hunch is that myself, and most appraisers don't have business backgrounds ( mine was real estate, and art) I might have taken a few business courses and learned how to run things more profiably and efficiently.
 

Verne Hebert

Senior Member
Joined
Feb 25, 2002
Professional Status
Certified General Appraiser
State
Montana
I wouldn't do any thing differently except:

In the early days I provided additional comps without charge--and didn't charge enough for progress and final inspections.
 

David Riggs

Sophomore Member
Joined
Apr 12, 2002
Good question, I will watch this one closely....

Us newbies would like to hear from the old pros..... :idea:
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
One of the primary things to learn is USPAP, your state appraisal laws, Fannie's guidelines and any other supplemental guidelines. Then, make absolutely sure the LOs and agents don't try to have you do things that are illegal for you to do! I do believe there are LOs out there that just love the newbie appraisers because most don't know enough about our laws and rules and bend/break them readily because some LO told them 'that's the way it's done'.
:twisted:

That and not charging enough. Those that are always doing discounted fees harm themselves and everyone else.
 

Carnivore

Elite Member
Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
One thing is for d_mn sure. Preachers wont be getting any freebies or even discounts from me ever again.
 

Austin

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Virginia
If I had to start over again, I would move to the middle of the state near a large city as far away from North Carolina as I could get and practice there. The town I work in borders the North Carolina border. At one time I had 6 state licenses and one city business license. Just have 5 now and 1 city license. I was a licensed real estate broker, licensed auctioneer, and certified general appraiser in NC and Virginia. That is six licenses with six fees and six renewals. Then each agency started requiring CE, which meant six different sets of CE classes. All of the regulatory agencies saw my dilemma with the exception of the North Carolina Appraisal Board. The only thing I would change about my career was my experience with state bureaucracies. There was no reason for it either; they were just obnoxious sob’s. I don’t think I have ever encountered any group worse than the NCAB. They refused to get a reciprocal license agreement for about 6 years, and then I wrote both governors and told them the problem. Then we got the agreement after I had gone to the trouble of getting licensed by examination in NC. Then the NCAB made me switch from license by exam to license by reciprocity or take double CE. Then they got mad at the Virginia Appraisal Board and rescinded the reciprocal agreement and gave all VA appraisers 30 days notice before renewal to take additional CE and reconvert our license back to license by examination. I said the hell with them.
I had a phone message on my machine a while back from an elderly lady in NC. She was crying and said: “I am an old woman, my husband has died, I have to sell this property and I don’t know what to do, will you please help me?” My dad was an appraiser that retired in 1983, and he had a woman from NC call him last year because she couldn’t get anybody to appraise her home. These people live about 7 miles from my home and I can’t work over there because of those idiots in Raleigh.
 
Joined
Jan 28, 2003
Professional Status
Certified General Appraiser
State
North Carolina
Andrew,

Sounds like you've got a good story there. Won't you please elaborate.
 

Damon Young

Sophomore Member
Joined
Jun 15, 2003
Yes, please. I have done a few churches with good results/good clients. But also a few I had to spend a lot of time working a bid and never even the courtesy of a reply. These were all commercial jobs, tho.

Damon Young
 

Charlotte Dixon

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Delaware
Knowing what I know now, I would have thoroughly interviewed lenders/mortgage companies, instead of leaving the choice to them.

I would have charged $25 more than the typical fee in this area.

I would insist on 48 hours notice for a draw or final inspection.

But then, I probably wouldn't be 45 appraisals behind.

But on the other hand, I could sleep in peace.

But considering all of the above, there's plenty of time for sleep......LATER. :eyecrazy:
 
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