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Work Volume - Commercial

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CVal

Sophomore Member
Joined
Jan 17, 2017
Professional Status
Certified General Appraiser
State
Illinois
I have a question for Illinois commercial appraisers. Are you busy or slow in regards to bank work? My firm is quite slow and I'm wondering if others are having the same experience? If slow, any reason you know of?

Thanks,

Joe
 

Gobears81

Senior Member
Joined
Nov 7, 2013
Professional Status
Certified General Appraiser
State
Illinois
Joe

Where in Illinois are you located? I have noticed a slowdown in bank work as well. I've been fortunate enough to be quite busy for multiple years, but received three orders in July. I didn't mind that at the time because there was a big project received a month or two earlier that I needed to catch up on, but the slowdown extended to August and even after taking a week of vacation in early August, I actually was able to turn around a report in a week, despite quoting a three week turn time. Things have picked up since, and I am happy with my current workload, but know of another town where there is a surplus of commercial appraisers and they have gotten pretty aggressive in pursuing work. The last 2-3 years were somewhat of an aberration in terms of activity and I wonder if this is the new normal, but that is difficult to predict
 

CVal

Sophomore Member
Joined
Jan 17, 2017
Professional Status
Certified General Appraiser
State
Illinois
Joe

Where in Illinois are you located? I have noticed a slowdown in bank work as well. I've been fortunate enough to be quite busy for multiple years, but received three orders in July. I didn't mind that at the time because there was a big project received a month or two earlier that I needed to catch up on, but the slowdown extended to August and even after taking a week of vacation in early August, I actually was able to turn around a report in a week, despite quoting a three week turn time. Things have picked up since, and I am happy with my current workload, but know of another town where there is a surplus of commercial appraisers and they have gotten pretty aggressive in pursuing work. The last 2-3 years were somewhat of an aberration in terms of activity and I wonder if this is the new normal, but that is difficult to predict

I'm in the Chicago suburbs.
 

PL1957

Senior Member
Joined
Jul 19, 2004
Professional Status
Certified General Appraiser
State
Illinois
Revenues are up year over year ... super competitive out there.
 
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