Valligent

[Doug Wegener]

It's likely you haven't been clued in on the intended use and the scope of work. It can be done but you have to be in an area where there is enough volume to allow you to get in the groove and do them quickly.

I was giving some details. They said they didn't want a value. But they did want the appraiser to grade the comparable as 1) Best available 2) Acceptable 3)Unacceptable.

I believe she said if acceptable or unacceptable was marked , new comparables had to be re-gridded . At least one new comparable, and maybe more for unacceptable.

It seems like close to the amount of work I do for one client who orders desktops at $125. So, really from my point of view, $50 does not seem like a market fee for that type of product.

They say they don't want a value but they are asking you to re-grid new comparables which would produce a value range even if they are not reconciled. That seems to me like an appraisal, even if they are saying no value is asked for.

At any rate, it is a business decision. I don't see any need to work for that kind of fee.

 

[J Grant]

The fee just sounds threadbare even for that limited scope of work. Do they want appraisers to race through these with minimum analysis? Because that's the only way appraisers could take this on and get it done in 30 minutes. Why is speed like that the goal in review work however limited the scope? What is wrong with this scenario...either this is important to them (comp selection), or not. A fee so bare bones the only way anyone is interested is to race through it assembly line style is reckless way of assigning.

The clients need to either pay enough to compensate middlemen like Valligent and appraisers, or engage appraisers directly and pay. It sounds like $100 might compensate enough for appraisers to take a bit more time to carefully read the MLS and ponder the comps, not treat it like fast food burger flipping.

The problem of fees being so low they encourage the worst of methodology because doing proper methodology/devoting the time needed is not profitable is a huge problem in both origination work and review work . Then add in that many of the better qualified /experienced wont accept assignments at the low fees and it compounds the problem.

 

[Tim The Enchanter]

What if there were red, pregnant, flying roosters that invaded the Holiday Inn Express and they demanded medium rare cheeseburgers?

Lay off the LSD. Don't eat those funny shrooms either.

I like to get out of the office. But if I can pump out 8 or 10 jobs in a day @$50 per w/o leaving home, no car expense....
Well, that ain't not bad.

 

[J Grant]

Does this company actually give an appraise 8 a day to do?

 

[CANative]

I was giving some details. They said they didn't want a value. But they did want the appraiser to grade the comparable as 1) Best available 2) Acceptable 3)Unacceptable.

I believe she said if acceptable or unacceptable was marked , new comparables had to be re-gridded . At least one new comparable, and maybe more for unacceptable.

It seems like close to the amount of work I do for one client who orders desktops at $125. So, really from my point of view, $50 does not seem like a market fee for that type of product.

They say they don't want a value but they are asking you to re-grid new comparables which would produce a value range even if they are not reconciled. That seems to me like an appraisal, even if they are saying no value is asked for.

At any rate, it is a business decision. I don't see any need to work for that kind of fee.

Doug... just noticed this post. My snarky comment was NOT directed at you.

 

[factsandtruth]

8x the liability. ..

 

[CANative]

Do they want appraisers to race through these with minimum analysis?

That's probably exactly what they want. And it's probably possible to do just that.

 

[Terrel L. Shields]

They say they don't want a value but they are asking you to re-grid new comparables which would produce a value range

Exactly. It is an appraisal. It requires some work and has exactly the same liability as any other appraisal. My fees reflect an amount for risk. And $50 isn't adequate for the risk, let alone the work.

 

[CANative]

Exactly. It is an appraisal. It requires some work and has exactly the same liability as any other appraisal. My fees reflect an amount for risk. And $50 isn't adequate for the risk, let alone the work.

What's the difference? The appraiser is already on the hook for an Appraisal Review.

 

[Terrel L. Shields]

Then do 'em for free.