- Joined
- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
I've noticed that the going rate that appraisers charge and that
appear to be acceptable to many AMCs for an FHA appraisal
is significantly higher (like $50 to $200 more) than what is
'expected' for a typical Fannie 1004.
My difference in fees is near the lower end of the range.
But I've been surprised by even some of the AMC fee
schedules. The fees almost see 'high' which I know is
a oxymoron for an AMC.
How come? Or maybe the question is, "Why are Fannie
1004's so cheap in comparison?" (and I guess a potential
answer is, 'Because there are so many appraisers who can
do a Fannie 1004, and there are 'fewer' FHA appraisers).
appear to be acceptable to many AMCs for an FHA appraisal
is significantly higher (like $50 to $200 more) than what is
'expected' for a typical Fannie 1004.
My difference in fees is near the lower end of the range.
But I've been surprised by even some of the AMC fee
schedules. The fees almost see 'high' which I know is
a oxymoron for an AMC.
How come? Or maybe the question is, "Why are Fannie
1004's so cheap in comparison?" (and I guess a potential
answer is, 'Because there are so many appraisers who can
do a Fannie 1004, and there are 'fewer' FHA appraisers).