West Coast Appraisal Fees

[Joe Flacco]

haha, please don't wonder why fees are low. 7/8 retired boomer is taking low fees as a hobby since they don't need the money. AMC work fees range from 300 to 800 for a standard single family in SO California.

That is what I have been saying. Appraisal fees are subsidized by social security and medicare.

I wouldn't say that they don't need the money. They are working because they need the money. They just don't need as much money.

 

[breakmaker]

I just booked/completed $8,000 in July fees without working more than 5 days a week. Going out on a limb in a few weeks to relocate near the beach [Huntingon, Costa Mesa, Santa Ana, Anaheim, ?????], having been advised by my primary AMC that I'll have assignments anywhere I go because my client satisfaction scores [rated before the OV is expressed] are among the best. WOP WOP. Annual income about $170K without working hard....without more than a few dollars in the bank b/c it's expensive being a single guy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"To afford a $450,000 house, you typically need an annual income between $110,000 to $150,000, which translates to a gross monthly income of approximately $9,167 to $12,500.Jul 12, 2024"

"As of June 2024, the average home price in Southern California was $876,280, according to Zillow. This is an increase of almost 8% from the previous year, and the fourth consecutive month that home values have reached an all-time high"

 

[breakmaker]

Bro is bragging about $96k a year as a part time job taking them at $300 and saying things are expensive. This is a problem incase you were wondering.

Bro is bragging about $96k a year.....

"To afford a $450,000 house, you typically need an annual income between $110,000 to $150,000, which translates to a gross monthly income of approximately $9,167 to $12,500.Jul 12, 2024"

"As of June 2024, the average home price in Southern California was $876,280, according to Zillow. This is an increase of almost 8% from the previous year, and the fourth consecutive month that home values have reached an all-time high"

 

[Joe Flacco]

$96k doesn't sound bad on the face of it but that is revenue and not income. It includes no benefits and is before costs, self employment tax, and health insurance. $96k revenue is equivalent to a $50k-$60k job.

 

[Terrel L. Shields]

The one advantage the "semi-retired" appraiser has isn't the piddling amount that SS pays. It's the Medical and drug costs are defrayed by Medicare. And I don't discount over other appraisers. I just don't take as much work.

 

[Zoe]

VA sets my fees. I have given many veterans deals. I don't live in cookie cutter land. I am sure there are many areas in CA that are cookie cutter land.

If you can get in one of those areas and get on VA approved panel, you could do okay. It is doubtful they are looking for appraisers in those cookie cutter areas. Somebody would have to die or quit to get their spot on VA approved panel.

I have maybe asked for a fee increase a few times. It was approved in all cases. VA don't approve the fee increase. The lender, veteran, and VA approve the fee increase.

I have no clue on Washington State.

Local lenders or appraisers would probably be best source for what the fees are there. You can look at VA fee schedule where you are moving. It is easy to find. Hold on.

 

[Zoe]

Play around on this website:

https://www.benefits.VA.gov/HOMELOANS/appraiser_fee_schedule.asp

It is official VA site. Just google VA.gov appraisal fees. You'll get there. Go to the site that finishes ".GOV"

 

[Tom D]

My big lender pays more for calif appraisals. But that is just a part of the fee structure. They pay more for properties over $1,00,000. I'm assuming for whatever reason it takes more time to do it.
Well, in the old days a $1,000,000 house was usually bigger. My understanding that in calif you either live in a $1,000,000+ home, or a tent on the sidewalk.
Can i get comment from the wealthy fernando on that thought.

 

[timindp]

Keep in mind the competition. Lots of licensed appraisers in the main cities of CA. I doubt you will be getting your fees like you got in OH. If you do, then great. Problem is that everything is more expensive in CA, licensing, gas, MLS, rent. So in the end, do the math. Not really making more. I left CA 7 years ago, best decision I ever made in my life and my career.

 

[Zoe]

My big lender pays more for calif appraisals. But that is just a part of the fee structure. They pay more for properties over $1,00,000. I'm assuming for whatever reason it takes more time to do it.
Well, in the old days a $1,000,000 house was usually bigger. My understanding that in calif you either live in a $1,000,000+ home, or a tent on the sidewalk.
Can i get comment from the wealthy fernando on that thought.

I don't think Fernando is one to ask. I agree on the wealthy part on Fernando.

I think he picks and chooses appraisals he wants to do on relatively part time basis.

I think his money comes from rental properties.

Wealth and rich have two different meanings. But I think Fernando is rich.

He has been all over God's green earth lately.