Time Required To Complete "typical" Residential Appraisal

[EddieB]

Plus you get cookies....

 

[Sid Holderly]

I just got back from a 4 hr and 25 minute picture trip for a rural REO. Even at a very good fee this one will not be a money maker. With the newer in depth data requests and extended requested answers (listed in the order) appraisals are taking much longer. It is a rarity that I have one where a recent works comps are viable. I do not handle those long nights on the computer as I once did. I expect my volume to decline, fee to increase, and income decrease, unless I go 30 mile and work for a larger appraisal shop.

 

[Terrel L. Shields]

just got back from a 4 hr and 25 minute picture trip for a rural REO

I like to do that when I can just to have the afternoon off to think and not be "doing" on the computer. Clear the cobwebs.

 

[factsandtruth]

On a side note car maintenance is expensive...I just paid for a heater core replacement and a new engine seal.

 

[Terrel L. Shields]

On a side note car maintenance is expensive

I track my miles. I deduct the 58¢ or so per mile. And yes, I have 3 vehicles and my appraisal car has 44,000 miles and it is 21 months old. But over 50% of my miles are business, and that means over $10,000 has been deductible from my income taxes, and gas is about a third that. I am still on the original tires and have a 125,000 mile warranty - which means I will trade it off when I hit that mark.

 

[factsandtruth]

I track my miles. I deduct the 58¢ or so per mile. And yes, I have 3 vehicles and my appraisal car has 44,000 miles and it is 21 months old. But over 50% of my miles are business, and that means over $10,000 has been deductible from my income taxes, and gas is about a third that. I am still on the original tires and have a 125,000 mile warranty - which means I will trade it off when I hit that mark.

Any firms providing company vehicles since according to you the "tax write offs" are so good?

 

[Vermonter]

That's good. I'm not really wanting to go to the open house looking for business. I just want to go see the house. Probably just the ones at the very high end of the price range.

Same here. Don't care about the high end ones, I usually hit the old ones to see some interesting original details and possibly score some antiques.....Or if I know I'm going to use as a comp later on.

They usually run open houses on the weekend tho and I rarely do field work on the weekends.