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

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justheretoaskaquestion

Freshman Member
Joined
Jan 25, 2017
Professional Status
Certified Residential Appraiser
State
Illinois
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

Senior Member
Joined
Oct 4, 2004
Professional Status
Certified General Appraiser
State
Florida

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
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

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
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

Senior Member
Joined
Oct 20, 2004
Professional Status
Certified General Appraiser
State
Florida
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
 

KenRossman

Senior Member
Joined
Oct 20, 2004
Professional Status
Certified General Appraiser
State
Florida
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...
 
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