UAD 3,6

[Doug Wegener]

Client tried to send me 3.6 order. They were offering nothing more than a standard appraisal fee. I would like to know what those who are actually doing them are getting.

 

[Vermonter]

Quoted my first at $100 over typical for a long time client. Added $150 to mercury network fees.

Honestly don't think 3.6 will take longer once I have a routine down, but until then it's going to be a mess.

 

[TerryRohrer]

I have seen comments from the lending community that suggest they are expecting fee increases in the 20 to 40% range. If the software becomes usable and I am playing that game, I expect to start by adding the upper end of that range to my typical 2.6 fees, and see how it goes.

I don't think there's any question that there will be upward pressure on fees (and turn times). The combination of additional work (both inspection and write-up) and industry attrition will most assuredly put upward pressure on fees. Based on the feedback I've reviewed, we are expecting about a 20% fee increase and 20-30% turn-time increase.

 

[Mike Ault]

I have seen comments from the lending community that suggest they are expecting fee increases in the 20 to 40% range. If the software becomes usable and I am playing that game, I expect to start by adding the upper end of that range to my typical 2.6 fees, and see how it goes.

My best local client is offering a 40.91 % increase over 2.6 fees. Some of my colleagues that are experimenting with them are telling me software horror stories though.

 

[Joe Flacco]

I am for the most part between $800 and $1,200 for 2.6. I'm not planning on charging more for 3.6.

It would be good if 3.6 brings more customers into my fee range.

 

[Joe Flacco]

The people that are doing 2-3 appraisals per day are going to have a real hard time with the transition. Those guys are either going to have to charge more to do fewer appraisals or take a massive pay cut by charging the same while doing less.

We have to see what those guys do because they control the fees at the lower end.

 

[Vermonter]

The people that are doing 2-3 appraisals per day are going to have a real hard time with the transition. Those guys are either going to have to charge more to do fewer appraisals or take a massive pay cut by charging the same while doing less.

We have to see what those guys do because they control the fees at the lower end.

Agree. These are probably the ones that will bail early and/or not even attempt 3.6.

 

[swandel1]

I have only received 1 job from a favored AMC and it was for double their standard fee.

 

[Joe Flacco]

Agree. These are probably the ones that will bail early and/or not even attempt 3.6.

I don't think they will bail and I think they will be doing 3.6. I don't think those doing 2-3 per day are in the position to leave. They probably skew younger and early in their careers.

We will see what happens. Even if my fees remain unchanged, if fees go up a lot at the low end, that would be a positive outcome.

 

[Joe Flacco]

I have only received 1 job from a favored AMC and it was for double their standard fee.

That's great news man