AppraisalTwin32
Sophomore Member
- Joined
- Aug 19, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Indiana
Wow. I don't find that surprising though. Doug, you are definitely right when you say there has been an overall decrease. We haven't had a call or e-mail from someone wanting to become a trainee for nearly two months now (in the past we received such calls/emails several times per week). We have also noticed many clients requesting that we perform more work for them than we had in the past because their "panel" has been reduced. A Credit Union client of ours recently said that their "list" of 19 appraisers dropped to 9 after the licensing cycle!
I'm still trying to decide if it's good news or bad news for the rest of us. While I know that with a reduced supply of appraisers we gain slightly more pricing power and that there is more business to go around to those of us who are left; however if there are too few of us we don't have much of a voice on larger issues (not that we ever really did...).
I'd be lying if I said part of me is glad that I know have less competition; but I worry that the majority of the lost appraisers are good guys who were in the business for 10+ years and just couldn't keep up with the "new" industry (AMC's, the clients' only focus is turn-times, etc.)
I'm still trying to decide if it's good news or bad news for the rest of us. While I know that with a reduced supply of appraisers we gain slightly more pricing power and that there is more business to go around to those of us who are left; however if there are too few of us we don't have much of a voice on larger issues (not that we ever really did...).
I'd be lying if I said part of me is glad that I know have less competition; but I worry that the majority of the lost appraisers are good guys who were in the business for 10+ years and just couldn't keep up with the "new" industry (AMC's, the clients' only focus is turn-times, etc.)