Looking to find Desk Work

[Terrel L. Shields]

If you have a local community bank or two which you have dealt with a lot, call their credit department manager and tell them you are going to be laid up for a while and ask if they might want to get some desk reviews or evaluations done and you'd appreciate the work. Regulated banks are supposed to review reports with some regularity.

Good luck on surgery. A friend goes in next week to have a spinal operation in his neck. They have to go in from the front, push your throat to the side, and replace the disc with artificial parts. He is a leathersmith and expects to be out no less than six weeks. A friend had the same surgery though a few years ago and he came out fine. It is amazing what they can do now.

 

[bnmappraisal]

No surprise here. Zero answers to the persons question. Way to be on brand Appraisers.

Or maybe many PM'd him their answer(s) like I did and like he requested

A PM would probably be best.

 

[Tom Woolford]

Thanks to everyone who responded, especially the PM's and best wishes. Come Monday I'll start pursuing some of your leads. Fortunately, its not a major procedure so recovery should be quick. If they want me to walk a mile I can walk a house But, at my age, the idea of a desk based business has its appeal.

 

[Addie]

Also, what I learned on this site.

“Get better clients”

Not exactly sure what that means. Especially for your case (sorry)

But just get better clients and don’t do desktop work because something about liability.

Again, what I was taught on this website.

 

[Carnivore]

No surprise here. Zero answers to the persons question. Way to be on brand Appraisers.

Valuenet, ProTeck, clear capital all have FNMA test pilot 1004P’s plus other desktops. Those are the only 3 I know that have volume.

I also market desktops for $99 to realtors/owners/public. They don’t need full appraisals for their job-to-be-done. So a desktop solves their problem. I sleep like a baby not overselling them.

Under Advice from Counsel LOL Jgrant, I moved my comments to s more appropriate thread. https://appraisersforum.com/forums/threads/hybrid-appraisal-cost-benefit-analysis.223799/

 

[bnmappraisal]

As I said, I PM'd Tom some info. Hopefully it works out for him and his upcoming situation

These comments are for everyone out there, though, not just him. Since this is about desktops and marketing, figured I'd share it here

I do offer private/non lending clients a desktop option in certain cases. Private work is about 20% of my book so far this year (on par with the past few years making up 20-25%/yr)

Of that 20% of my total book, 20% of that has been a Desktop appraisal. I offer this option usually in cases where a property is already listed and there are numerous photos (interior AND exterior) of the subject property (our MLS now allows agents to include up to 50 pics for a listing) as well as the subject being located in an area I am VERY familiar with.

I also interview the client to make sure the information I have is correct (i.e. condition of the subject, upgrades, etc) and that they completely understand that I am NOT physically going to inspect/measure the dwelling and will be using "third party" information in my valuation

I also let them know that this type of appraisal can be less accurate than if I were to physically inspect/measure. As long as they agree to all of this, and again my criteria for myself is met, I proceed with the desktop. I do not offer it to each private client (i.e. a 4,500 sf multi level waterfront property on the Gulf of Mexico? No, I don't offer the option)

As for pricing? That's a business decision everyone needs to make for their own business. Personally, I charge roughly 75% of my full inspection appraisal fee.

 

[Carnivore]

As I said, I PM'd Tom some info. Hopefully it works out for him and his upcoming situation

These comments are for everyone out there, though, not just him

As for pricing? That's a business decision everyone needs to make for their own business. Personally, I charge roughly 75% of my full inspection appraisal fee.

That's pretty consistent with what you, myself and many others would charge for canceled Appraisal Request after an inspection was completed. Trip Fee+Time on station measuring, photos, etc Which also is in line with probably a typical Final Inspection fee.

I guess what I am trying to say is that we(as a group nationwide) are undervaluing the hardest and most crucial part of the Appraisal - Standard 1. - Development

Case in point - Restricted Use Report - minimal reporting requirements under standard 2, easy peasy two page report. BUT as always vast amount of work under Standard 1.

 

[bnmappraisal]

That's pretty consistent with what you, myself and many others would charge for canceled Appraisal Request after an inspection was completed. Trip Fee+Time on station measuring, photos, etc Which also is in line with probably a typical Final Inspection fee.

I'm not sure we're on the same page here Carnivore. Maybe I'm misunderstanding your reply

But for easy math, and to clarify what I'm saying, if my fee for a full "1004 style" inspection appraisal report is $400, I charge roughly 75% of that ($300) for a desktop (NO inspection) for a client
The numbers vary depending on the property, etc but the % is generally that range

 

[Carnivore]

I'm not sure we're on the same page here Carnivore. Maybe I'm misunderstanding your reply

But for easy math, and to clarify what I'm saying, if my fee for a full "1004 style" inspection appraisal report is $400, I charge roughly 75% of that ($300) for a desktop (NO inspection) for a client
The numbers vary depending on the property, etc but the % is generally that range

We are on the same page. Compartmentalize a 1004 task and you have different fees. The sum total fee for a 1004 as a complete Package is $X You as the appraiser determines that Fee based on your minimal expectations for your time of an average/median 1004. We also Fee base on PIA of individual AMC PhoneMonkey Dot Coms and even Direct Lender Assignments. Lets go back to 1004 Compartmentalized. If you receive an 1004 assignment and you complete the Inspection ONLY, return to your office and there it is an email canceling the request! AMC Phone ask What do we owe you: You respond i.e $100 time/money dollars. They agree either then or predetermined fee schedule you provided earlier. For you it might be $75-$125. For me its a Flat $100 no matter if the subject is next door or across town. But we both are in the same ballpark.

This is where the Poor businessperson volume standard Cookie Cutter Only assignment Appraiser is a dumbazz. The inspector Harry the Aluminum can collector get $50 bucks per inspection, I doubt that, I actually think its probably in the neighborhood of $25-$45 possibly just $35 median. Mr/Ms Appraiser who is an idiot is getting $50 bucks, a little smarter Appraiser is getting $100-$150. This is Not Ala Cart pricing yet if you add it up Harry $50, Stupid Appraiser $150 = $200. Where did the other $200-$250 dollars go?

Now You and I are getting $250-$350 for a desktoppie. Well you and I are not getting any or very little of that work, because of our STUPID competition is getting most of it. You and I are very diverse in our work and completing 25% of the Volume of Stupid Appraiser, but we have lower risk because you and I are truly professional and are also risk adverse so our reports are very credible and well supported opinions and we have a very low annual volume and we are appropriately being paid for our professional work product. We make just as much if not not more than Stupid Appraiser.

Hope that all made sense. I was thinking on the Fly and typing.

Just remember that the Sum total of Ala Cart pricing should always be substantially higher that a total package 1004 Appraisal.

This response was not just for you, hopefully Cookie Cutter Appraisers who might or are reading this.

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Side Note: Hang onto your boot straps, the foundation is getting ready to Dork USPAP. This will probably be in the new USPAP issue. I know what George said abut it, but its going to happen because we are not a VETO, regardless of the Exposure Draft process. I hope i am wrong!

 

[TRESinc]

This is where the Poor businessperson volume standard Cookie Cutter Only assignment Appraiser is a dumbazz. The inspector Harry the Aluminum can collector get $50 bucks per inspection, I doubt that, I actually think its probably in the neighborhood of $25-$45 possibly just $35 median. Mr/Ms Appraiser who is an idiot is getting $50 bucks, a little smarter Appraiser is getting $100-$150. This is Not Ala Cart pricing yet if you add it up Harry $50, Stupid Appraiser $150 = $200. Where did the other $200-$250 dollars go?

where did you get the data that borrowers are being charged $400-450 for a hybrid? i've seen examples of hybrids and heard some anecdotal quotes about what the appraiser made but i don't believe anyone has posted anything concrete showing what the borrower pays for a hybrid.