Newly Licensed Appraiser..

[bnmappraisal]

Get better clients. Pretty simple. (What I’ve learned here)

How do you get these clients etc. they won’t tell you. Just don’t work for AMC’s because they don’t. (They lie)

(my bold) KHS445 pretty much took the words out of my mouth with his response ... and answers my bold ...

A large number of threads over the years have explained how to build your client base. There is no magic bullet or a guaranteed list of non-AMC clients. Most of the suggestions have centered around beating the bushes and offering your services to local banks, credit unions, attorneys, real estate agents/brokers, etc. Services can range from helping out with a listing amount, assisting a buyer's broker in coming up with a value, providing a buyer or seller with value information, divorces, inhouse mortgages, home equity loans, etc. You need to work hard and build your reputation as the go to person when it comes to valuing real estate and the real estate process in your marketing area. The goal is to build a level of trust with other real estate professionals who are comfortable relying on you being an independent voice of knowledge and reason.

 

[Ash]

Thank you all for the feedback, really appreciate it.

 

[Joe Flacco]

Gotta make some friends in the biz. Most of the clients I have worked with in the past or work with now happened because of leads from others. People on this site.

Shout out to GregB, Digger, and TJSum.

#thankful #blessed

 

[Basically Rectangular]

Hello I am a newly "licensed appraiser" not certified. How long does it take for AMC's to send you legit work. AMC's so far has been sending me work for property value over a million? I don't know why since I told them im licensed only. Any suggestion on AMC's who do desktop appraisal a lot and are looking for licensed appraisers? Please Advice.

You might be getting assignments that more experienced appraisers pass up because of complexity.

 

[Der Apres-czar]

Ash, from what I've heard from colleagues that do work in California that is a very tough market in terms of saturation and correspondingly the fees aren't great. Could also be a reason why you're not getting much licensed work i.e. if a certified appraiser is willing to take $350 for a deal why engage a licensed appraiser?

I've got some buddies in TX that are licensed and are turning work away, easily hitting 40 a month. Lowest fee is $395, but most are 400 & up , minus the bull**** "transaction" fee. Granted these people work for appraisal shops with a well built client list but you get the idea.

I know not everybody has the opportunity to move but there is work for licensed people out there in markets where appraiser supply is on the low end. FWIW.

 

[bnmappraisal]

easily hitting 40 a month

"easily" ... d@mn ... that's busting it

 

[Der Apres-czar]

"easily" ... d@mn ... that's busting it

Bear in mind, "easily" refers to them hitting that number with little to no marketing effort due to an established client list.

Miles driven, territory covered... that's a different story!

 

[Ash]

Good news is. Couple of AMC started sending me orders. Just recently picked up a lot of orders. Today for example I accepted 4 orders. Thus my appraisal career begins!!

 

[NOGAVA]

A large number of threads over the years have explained how to build your client base. There is no magic bullet or a guaranteed list of non-AMC clients. Most of the suggestions have centered around beating the bushes and offering your services to local banks, credit unions, attorneys, real estate agents/brokers, etc. Services can range from helping out with a listing amount, assisting a buyer's broker in coming up with a value, providing a buyer or seller with value information, divorces, inhouse mortgages, home equity loans, etc. You need to work hard and build your reputation as the go to person when it comes to valuing real estate and the real estate process in your marketing area. The goal is to build a level of trust with other real estate professionals who are comfortable relying on you being an independent voice of knowledge and reason.

I probably spend close to 10% of my time talking about real estate issues with agents/brokers and lenders. While this time doesn't result in direct compensation it is well worth it as whenever I contact one of them for information I receive great response time and a lot of valuable information. I also get a lot of referral work from them. Since the first of the year one local broker has provided me with more than 15 referrals which have resulted in 11 appraisal assignments totaling more the $20,000 in revenue.

As far as AMC work that is a choice everyone needs to make for themselves. By choice, I have never worked for an AMC. Not saying I never will but at this point I am able to stay busy enough and earn enough money that I don't need to be responding to all of the scope of work and time demands. I price my work based on location (required travel) and complexity, typically offering a two week turn time. I enjoy the variety of my work which over the last several months has included vacant building sites, single/multiple family dwellings, bars/restaurants, build to suit national chain stores, motels, golf courses, etc.

Great post.

To the OP, what is legit work? I can probably make a profit on something you can't. And maybe vice versa. To me,'legit' means I can make a profit. Not sure if you're on your own or not, but your post is a cubicle bound mindset. You'll have to determine 'legit' and profitability for your own situation. The above post is really good. The idea of filling out an online form & expect to be fed 'legit' work is getting a bit stale.