Turn Around Times, Direct Vs. AMCs

[Mr Rex]

Is LA worried VA is stealing their Thunder?

 

[Non Sequitur]

Is LA worried VA is stealing their Thunder?

I sure hope so. But what will likely happen is the next few days several threads and Facebook discussions will pop up with with the latest “proof” that AMCs are the problem, never mind the veracity of the proof.

 

[timd354]

Not an indicator, but likely to turn into an embarrassment when appraisers cite it as "proof" when arguing (as they will) against anything AMC.

Still waiting on someone to claim that lead balloon floated in the VA Senate.

No more embarrassing than when they lied and stated that the Virginia Real Estate Appraisal Board adopted that the Current VA fee as the presumptive MINIMUM customary and reasonable fee.
https://appraisersforum.com/forums/threads/good-job-virginia.211104/

 

[Joe Flacco]

All I know is when I was doing business with STARS, the base fees in VA were a good 20%-30% higher than the fees in DC and Maryland. So whatever VA did in recent years had some kind of impact on fees. I think it might have been the requirement to include the fee in the report.

 

[timd354]

All I know is when I was doing business with STARS, the base fees in VA were a good 20%-30% higher than the fees in DC and Maryland. So whatever VA did in recent years had some kind of impact on fees. I think it might have been the requirement to include the fee in the report.

Maybe, or maybe the supply of appraisers in the areas you worked in VA was less than the areas you worked in DC and MD.

 

[Joe Flacco]

Maybe, or maybe the supply of appraisers in the areas you worked in VA was less than the areas you worked in DC and MD.

Maybe. I don't have any data but I think Fairfax, Montgomery, and DC are probably all equally over-supplied.

 

[timd354]

Maybe. I don't have any data but I think Fairfax, Montgomery, and DC are probably all equally over-supplied.

Maybe, but I don't have any data either to tell one way or another. The only thing I do know is that when I was appraising in that area, I knew quite a few appraisers who were licensed/certified in MD and DC, but not VA, but not many who were licensed in VA, but not DC and MD...but that is just anecdotal and certainly may not accurately reflect overall numbers.

 

[TJSum]

I always thought there were far less appraisers in DC than the VA and MD suburbs. On top of that, many clients now wish to assign work based on the appraisers location, how many appraisers can actually afford to live within the DC boundaries (or close in suburbs).

 

[TJSum]

It could be AMCs push quicker turn times as just a marketing ploy to the lenders. Most direct clients I have worked with are fine with one week turn times while most AMCs start hounding you to turn it in about ten minutes after placing the order.

 

[timd354]

I always thought there were far less appraisers in DC than the VA and MD suburbs. On top of that, many clients now wish to assign work based on the appraisers location, how many appraisers can actually afford to live within the DC boundaries.

There are less appraisers in DC than MD or VA, because DC is just one city and is a very small geographic area, but that does not mean that the supply of appraisers as a percentage of the demand for appraisals is any less in DC than it is in MD or VA