Pro Teck

[norapp]

I know this subject has been beaten to death but I just had to post. This company has been sending me multiple emails telling me they have lot's of work in my area and do I want to join the panel. I guess they forgot I told them to take me off their list over a year ago. I was curious so I asked what the fee was. I got a response of it depends. I asked for a range. Response was $35-$125 for complex. $35? Did I really just read that right? $35? ...$35.... I'm laughing while I am writing this but they f...ing kidding me.

 

[andrew81]

i received an email with a list of 41 properties in need of Proteck Desktop Quantitative Appraisal 2016.
"You fill out the form based on a recently completed PCR (property condition report) which has photos taken by a local agent from within the last couple days."

the properties were located all over the state from 2 - 5 hours dive. i didnt even respond

 

[Mike Kennedy]

Send an FYI copy of the communication to Brian Weaver at State?

 

[KenAZ]

I know this subject has been beaten to death but I just had to post. This company has been sending me multiple emails telling me they have lot's of work in my area and do I want to join the panel. I guess they forgot I told them to take me off their list over a year ago. I was curious so I asked what the fee was. I got a response of it depends. I asked for a range. Response was $35-$125 for complex. $35? Did I really just read that right? $35? ...$35.... I'm laughing while I am writing this but they f...ing kidding me.

That's low . . . even for desktop appraisals

I have done some for them a long time ago. I think they pay 2 or 3

 

[Tom4value]

I know this subject has been beaten to death but I just had to post. This company has been sending me multiple emails telling me they have lot's of work in my area and do I want to join the panel. I guess they forgot I told them to take me off their list over a year ago. I was curious so I asked what the fee was. I got a response of it depends. I asked for a range. Response was $35-$125 for complex. $35? Did I really just read that right? $35? ...$35.... I'm laughing while I am writing this but they f...ing kidding me.

$35, eh?
I shut them off at $85.
$125 for a “complex”? Complex/desktop appraisal is an oxymoron.....as in moron if you do it!

 

[Overimprovement]

$35, eh?
I shut them off at $85.
$125 for a “complex”? Complex/desktop appraisal is an oxymoron.....as in moron if you do it!

I don't sign my name for $85. Sorry, all those years and low wages it took me to get where I am is worth more than that. Not to mention the liability.

 

[bnmappraisal]

A friend of mine at an AMC recently shared their "new" product with me - a hybrid type report
I can't share all the details but here are the Cliff Notes for the hybrids

$170 - RE Professional (not specified what/who that is) gives subject info/pics - appraiser gives opinion of value

$190 - AVM (not specified what/where) gives info - appraiser picks comps, makes adjustments

$310 - AVM (not specified what/where) gives info - appraiser picks comps, makes adjustments - another factor I can't disclose

BTW, I asked about the fees above ... they are what the AMC is charging the lender.
I then asked "So obviously the appraiser and/or RE Pro would then be paid a portion of those fees?"
Answer "Yes"

 

[gregb]

Does the AMC in the above pay the inspector?

 

[bnmappraisal]

Yes the "Real Estate Professional" and appraiser are both paid out of that 1st fee above

 

[Tom4value]

I don't sign my name for $85. Sorry, all those years and low wages it took me to get where I am is worth more than that. Not to mention the liability.

Agreed.
Should have noted that I stopped after doing less than 5. You really can’t/shouldn’t do them unless you know the neighborhood like the back of your hand. Even then, time it took I was making far less than the hourly income for doing a “real” appraisal.