Verifying Sales

[Renee Healion]

Interviews have the added benefit of serving as advertising and networking for appraisers who tend to like doing neither.

 

[togatour]

Thanks for the clarification.

 

[J Grant]

I agree re bifurcation, however not necessarily that it will occur strictly along GSE order lines.

Esp with new push toward evaluations to replace BPO's and AVM's , a desktop product with tight deadline will suit the speedsters perfectly, for that type of GSE work product.

Full appraisals, some clients are picky and Fannie and FHA want quality, what they often get though is a min standards that can't be dinged on quality in cursory review because the review itself is automated or done by checklist.

 

[Eli]

Well said J Grant, could have expanded a little further but accurate imo. Was something I wanted to say but didn't know how. Fannie, FHA, and VA don't play. Look at the news. There are others.

A bank don't have to worry about it if they are doing their homework which involves selecting appraisers and so much more.

 

[Chandler]

No. I (and others like me) are not losing anything. :new_smile-l:

I beg to differ. I understand in your case you may not be, but the guy in this thread or another that indicates it takes him an average of 12 hours to do an appraisal did not mention receiving higher fees. Let's say he works 48 hours in a given week and makes $400/per, that means he maxes out at $1600/wk. I average more than twice that, and generally work 6:30 AM to 4 PM. That's more than $80,000/yr in lost productivity (as long as the additional work is there for you, if not, time to market for more full fee clients). I understand this is not a one size fits all but by and large these people are in essence paying for damn expensive insurance against someone that won't accept MLS and Tax Records as data verification.

To you and JGrant and the poster with the womens softball player as their avatar, I know it makes you feel better to assume that I and others that work efficiently take low fee high volume AMC work, but this is not the case. Once again: I DO NOT WORK FOR ANY AMC's. My fees are in-line with yours. $425 base fee and the average much higher than that. $600-$650 for 3-day rushes which I get about 3/month. More for 1007,216, etc, more for complex, however complex assignments are rare for me, think less than 3%. Your business model dictates you take high fee complex assignments, I prefer easier assignments within ~15-20 miles from my house and that is mostly what I happen to get from my clients. I'm not in the business of counting other peoples money, as long as I position myself within the top 0.5-1% I know that I am maximizing my business. And I would be able to defend any of my appraisal reports should the need ever arise.

 

[Lost Cause]

And I would be able to defend any of my appraisal reports should the need ever arise.

That's what they all say. Good luck with that, because one day you're going to need it.

 

[Chandler]

That's what they all say. Good luck with that, because one day you're going to need it.

Tell me what stock your crystal ball says I should buy. :laugh:

I have strong work files, strong reports with comments on adjustments and everything pertinent to the appraisal. Good luck to you too.

Let me also add I am not a "number hitter". I don't keep data on this but I would venture a guess I come in below contract price somewhere around 8-10% of the time. Thank god my clients aren't AMC's or a-holes and they still send me work.

 

[hastalavista]

... I know it makes you feel better to assume that I and others that work efficiently take low fee high volume AMC work, but this is not the case.

It makes me feel neither better nor worse.
It is an observation I make. You may be an exception.
Does it make you feel better that I tell you that? :new_smile-l:

 

[Chandler]

It makes me feel neither better nor worse.
It is an observation I make. You may be an exception.
Does it make you feel better that I tell you that? :new_smile-l:

Yes, I feel like I can take the gun out of my mouth. :icon_mrgreen:

 

[hastalavista]

Yes, I feel like I can take the gun out of my mouth. :icon_mrgreen:

Well, then, I do feel better.