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What Is You Favorite Kind Of Appraisal Work?

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Doug in NC

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
I have to say, I largely despise lender work right now - and that I suppose is because nearly all of it passes through some God-forsaken AMC. So currently, my favorite work is for relocations. Relocation clients still treat appraisers as though we are actually an expert in what we do, pay well, and grade appraisers based on real world accuracy of valuations (instead of whether the appraiser updates an AMC website every time an action or inaction occurs).
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
Private party challenging stuff. No one else wants it and it pays very well. Today I am finishing a house on 105 acres of recreational/hunting land.
 

Doug in NC

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
I should add, I also generally like doing work for a credit union. Again probably like that work because there is no irritating AMC to deal with.
 

Doug in NC

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
VA residential
I regret not joining the VA panel several years ago when it was open. At the time, I was so disgusted with this industry that I was strongly considering getting out altogether. Read the other day that appraisers are now getting $600 for a VA appraisal in some western states. Sounds really good, getting paid a very respectable fee for appraisal services rendered.
 

Obsolescent

Senior Member
Joined
Jul 6, 2004
Professional Status
Certified Residential Appraiser
State
Minnesota
When I was fee appraising I loved the challenge of doing the large, high-end homes; 10,000 to 30,000sf. Sometimes I actually miss It.
 

Vermonter

Senior Member
Joined
Mar 21, 2007
Professional Status
Certified Residential Appraiser
State
Vermont
I should add, I also generally like doing work for a credit union. Again probably like that work because there is no irritating AMC to deal with.

My 2 main clients are local credit unions and I have very little issue with anything they send over. Comparatively speaking, they are lower maintenance, have better clients (borrowers) and truly want an accurate opinion of value.

My favorite assignments are purchase assignments, from said credit unions, located in one small rural village, with a certain top producing agent in town. He meets me at the property any time I want, with a stack of public docs and all the info I could ever need. Contracts are never out of line and he'll hand me comps that are actually comparable! Some even off MLS....and he'll have the public docs for them as well.

He's getting up there in years (think he's close to 80 now) and hinting at retiring. His underlings are above average, but nowhere near his caliber so he will be especially missed by me if he ever does retire.

My easiest assignments and the highest $$$ per hour 1004.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
I like my specialty- mineral rights, estates with established production of at least three years. The most profitable though are vacant pasture or recreational land. Goes fast, easy, little fuss and pays well.
 

Fernando

Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
I thought you were going to ask what is your favorite form? If that was the question, I say nonowner SFR appraisals because I'm able to get lot more money than the other forms.
 
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