Who's Quitting?

[Tomasz]

Not quitting, just relegating Appraisal efforts to a secondary role. I saw the brake lights being tapped last year and I secured a job that pays solid benefits and still allows me to do appraisal in the evenings, mornings, and/or weekends.

I'll be happy doing 1 or 2 appraisals per week, so it's close to quitting; just enough to still make the expenses worthwhile - can write-off a few things by maintaining my own operation.

 

[Terrel L. Shields]

Diversied...If things would slow down, i would quickly retool for the oil patch full time. It would be more profitable. It is just hard to break old habits and it would have a disproportionate impact upon my assistant/girlfriend who has too many health issues to find adequate work. She is uninsurable which is a huge problem.

 

[ghrousseau]

I'm staying on the lending side for now. I am currently working mainly on FHA loan audits. I might move into an appraisal management role with my employer if the Cumo deal becomes reality. I've been increasing my professional associations and considering working on my Masters in Economics or an MBA. I'm also beefing up my appraisal education credentials and working on the RE license and certification. I am more optimistic than most as I have a pretty diverse skill set that gives me options. I also have rather large network of associates, friends, and a very good former employer who is building and expanding a commercial lending operation which will eventually be in my territory. I think our biggest problem right now is the uncertainty with changes in regulations and laws. Once things are settled we can all chart our own paths.

 

[The Warrior Monk]

No reason to quit...I just diversified; plenty of work out there for clients that need it.

 

[panappr]

I just renewed my license, and paid my E & O, so I will remain active one more time around, however, It will have to be a secondary income at this point, you know, like a hobby. The problem is maintaining all my data and fixed expenses. I don't feel that working for AMCs is the way to go for anyone in this profession, your health is more important.

Allot of integrity has been lost here, I'm also watching 2 good seasoned appraisers and friends go down the tubes as well. The next few months should be very interesting.

 

[GPAQ]

Same story here. Doing this part time for the last year and a half and went back to the old boring insurance/finance job I got went to school for. No more early surf sessions, but my bank account stays out of the red. Also started doing the appraisals I use to turn down.

 

[Kali the Boston Terrier]

No way I'm leaving...still very busy.

 

[c w d]

I start college on the 25th of this month. Will most likely find employment with a company that offers reimbursement for college. I'm moving on to Pharmacy but, it's going to take a while. I'm 36yo, BTW.

 

[Wendy]

Staying in for now.

 

[J Grant]

going to get my old college transcripts and apply for part time teaching at local community college. so seems a lot of people are part time transitioning out, am also going to try doing art which is what I was originally trained in and hope to sell it. The residential side income is down for most appraisers so unless things change most will make appraising either part time, or phase out of it. keeping it part time has problems...you have to pay for the same license, E and O and data etc, so will see over the next few years if even that makes sense.