This is why I got out of this profession

[George Hatch]

I also assume when a company profits when things go well and passes losses to taxpayers when things go bad is not going to do their due diligence.

Sometimes it rains, too. Nothing any of us can do about that. All we can do is hold our end up.

 

[Ariba]

Problem: large AMCs with a monopoly sending orders for $285?

It appears the problem you have are the appraisers, not the AMCs. Also, if an appraiser can make a living and support their families by expecting the appraisals for $285 who are you to tell them they are wrong? Just because you drive a luxury car, have a nice house, and take vacations, that is not the average appraiser. Most appraisers just scrape by and live day by day.

 

[Fernando]

I tried semiretirement but when the cycle starts again with appraisal boom, the money pulls me back in.
When it rains, It pours money nonstop.

 

[glenn walker]

Tax records here are rarely correct or updated. We would have to take pix of 10's of sales we think might be comps. Not doing that. I think its ridiculous to make us take comp pix instead of using the MLS photos. As long as the appraiser is familiar with the subject neighborhood, with google earth and google maps, there is no need to take comp pix. After the pandemic when everything sold in a day or two, most times the house they bought looked nothing like the house after renovations. So, we would go and take the comp pix and have to add the MLS photo to show the condition at the time of its sale.

In Los Angeles County 10 Million People and our Public Record are extremely good in most cases.

I would depend more on our Tax GLA than the average appraiser out here but other Counties can be spotty.

 

[glenn walker]

It appears the problem you have are the appraisers, not the AMCs. Also, if an appraiser can make a living and support their families by expecting the appraisals for $285 who are you to tell them they are wrong? Just because you drive a luxury car, have a nice house, and take vacations, that is not the average appraiser. Most appraisers just scrape by and live day by day.

I have known very few appraisers who could support a family with kids and a Non-Working Spouse. Most in my area are older single men and women and or ones who have a spouse that has a good paying career. I would advise any pesron who wants a normal life to not get into the real estate business its like being a farmer with bumper crop years and years of drought. You need lots of reserves, or other resources or you have to be crazy .

 

[Ariba]

I have known very few appraisers who could support a family with kids and a Non-Working Spouse. Most in my area are older single men and women and or ones who have a spouse that has a good paying career. I would advise any pesron who wants a normal life to not get into the real estate business its like being a farmer with bumper crop years and years of drought. You need lots of reserves, or other resources or you have to be crazy .

Can't agree more. That is exactly my point, how long can they hold on and cover their expenses before they get out of the appraisal business altogether?

 

[Ariba]

In Los Angeles County 10 Million People and our Public Record are extremely good in most cases.

Does that include the property's finished living area?

 

[NC Appraising]

It appears the problem you have are the appraisers, not the AMCs. Also, if an appraiser can make a living and support their families by expecting the appraisals for $285 who are you to tell them they are wrong? Just because you drive a luxury car, have a nice house, and take vacations, that is not the average appraiser. Most appraisers just scrape by and live day by day.

Actually both.

Me and my brother own a plumbing business in the Mountains.

The lady at the plumbing warehouse asked what we charge per plumbing fixture. We said $1,500.

She said how in the world can you charge that much? She said her boyfriend charges $800.

We are backed up for two months....

I was thinking her boyfriend is a idiot. My brother said these people up here simply do not know there worth.

If you do not know your worth, people will F u all day long. May be the $285 appraisers are the ex-walmart with no college degree and have no other job skills? These are the people that the AMCs want per PEREA.

Why should an appraiser with 20 years experience do appraisals for $285? Know your worth.

Some people are happy working at the loading dock for their entire lives, Nothing wrong with that, Hard days work for a hard days worth of pay.


The main difference between the plumbing business and the appraisal business is that I am not tied to an AMC.

My main problem with the AMC is that they control the means of production.

 

[glenn walker]

Does that include the property's finished living are

Yes it does

 

[glenn walker]

And garages sizes are normally spot in too