Residential Real Estate Appraisal In Florida-what's It Like?

[justheretoaskaquestion]

Anyone have any insight into the residential real estate appraisal market in Central Florida? Is work volume pretty steady? What are typical fees for a standard 1004? Are there a large amount of appraisers ? Any insight into the Florida market would be much appreciated.

 

[Howard Klahr]

Are there a large amount of appraisers ?

Florida has the third highest number of appraisers in the country

Is work volume pretty steady?

That would depend on how you chose to engage in business, now wouldn't it? Staff appraiser, independent fee shop, independent contractor, etc

 

[J Grant]

I am not in central Florida, so my answer may not apply there, also depend where...some of Central FL is more rural, or are you thinking near coastal area or a city such as Orlando...

I am in S Florida, a fair bit of volume but a lot of appraisers. Fees stink, for the most part. I get good fees for high $ complex orders and have a couple of decent clients outside of AMC world, anything AMC generated is fees in toilet....if you want to work for $275 for a 1004 (I don't ) you will be swimming in orders. A fee many will pay here is $325-$350, so depends how busy you want to be. I also self limit in coverage to a smaller area ( part of one county), some appraisers here cover a wider area.

Unless you have contacts, you will be competing with established appraisers but I suppose that is true for any area.

 

[bnmappraisal]

Florida has the third highest number of appraisers in the country

I, personally, cannot confirm this statement, but knowing Howard, I'm pretty sure it's accurate!

I am in the "central FL" market, albeit the Tampa Bay area. Yes, the market is pretty saturated and with AMC work, one receives a LOT of $250-275 RES "opportunities."
it can depend on what part of "central" FL you're looking at. If it truly is the central part, you may be dealing with somewhat more rural areas. But many (even local news) consider my area (Tampa/St Pete/Clearwater) as "central Florida."

FWIW, I love the Gulf Coast, beaches and warmer waters/climate.

 

[KenRossman]

I am not in central Florida, so my answer may not apply there, also depend where...some of Central FL is more rural, or are you thinking near coastal area or a city such as Orlando...

I am in S Florida, a fair bit of volume but a lot of appraisers. Fees stink, for the most part. I get good fees for high $ complex orders and have a couple of decent clients outside of AMC world, anything AMC generated is fees in toilet....if you want to work for $275 for a 1004 (I don't ) you will be swimming in orders. A fee many will pay here is $325-$350, so depends how busy you want to be. I also self limit in coverage to a smaller area ( part of one county), some appraisers here cover a wider area.

Unless you have contacts, you will be competing with established appraisers but I suppose that is true for any area.

Where in S FL? I have been getting $375 with a $25 discount for seniors, for non-lender work (i dont do any AMC or origination lender work, except hard money). I'm in Boynton Beach - I only use the 2055 form with interior... Ken

 

[Terrel L. Shields]

only use the 2055 form with interior.

The old form?

 

[KenRossman]

The old form?

No, it's a form I designed with SFREP to be USPAP compliant for non-lender work. They call it the RMPF 1 page 2055 form.

 

[JTip]

I have been getting $375 with a $25 discount for seniors,

So.....pretty much everybody gets a discount in Florida.....

 

[KenRossman]

So.....pretty much everybody gets a discount in Florida.....

about 20% of the time and only when they ask for it. I also offer a 25% discount for spouses of servicemen or LEOs killed in the line of duty - rarely asked for...

 

[Tim The Enchanter]

I can't get past the what's it like question. Nudge nudge, wink wink, say no more!