Truckers are enduring the same struggle because of deregulation. Appraisers… because of never ending regulation. Welcome to Hades!

P.S. The fire water and sauna are free.

Controller!

I am doing the same thing after 51 years, this will be my last renewal. Nobody appreciates honesty anymore.

Around 1997 an MAI spoke to a coming crisis Said we all had to CVA as a part of our reports. He suggested some wording and I adopted those and as time went more. I return an Engagement letter for every inquiry for my services, citing my estimate, time and price, and terms of payment.
This has simplified collections, clients, expectations, & helped me understand how others work expanding my work product..

Ditto, ditto, ditto. I appraised for 40 years and got out for the same reasons in 2011: 90 % of clients have no ethics/just want a number, fees were extremely low post 2008 financial collapse, lawsuits filed against many appraisers with no justification, federal interference in the appraisal process, and experience and integrity were no longer in vogue. Glad that I retired and gladly gave up all my designations and state certification. It was like being a hated referee at a ball game….

I was 82 when I gave up my licenses and subscriptions. i enjoyed all of it except the collections. Still can’t help myself from commenting.

Great point! Would love for someone at FNMA to actually answer this question.

The important thing to convey to lenders is that the same review tools that amc’s use are available for lenders too, through the exact same distribution platforms. 15 years later, amc’s still can’t figure out how to assign orders directly at a fair fee without having to email dozens of appraisers and waste everyone’s time. Most inefficient third party injection ever implemented. Simply refuse to quote.

I agree 100% in so many cases you are dealing with people who don’t read or know how to read the reports or their machines can’t read the,m I can tell just by the damn revision requests. And as I always say, let the bottom feeders fight over the low fees, I find most of them insulting.

Amc’s are professional time wasters. They often send bids to 20, 50, or even a 100 appraisers, just to fish for the absolute lowest fees. You’ll deal with so many emails and calls. Seek out direct assignment lenders whom do not use amc’s, so you can have income stability and upfront stable fees. Otherwise it’s a continual race to the bottom. Well over 10 years later, these companies still can’t figure out how to implement a stable consistent fee program. Amc’s have a financial incentive to drive appraisers fees down and consumers fees up to increase their internal profit margins.

I agree. Pick better clients!

It’s the greatest gig in the world. My fees are 5 to 8 times what is offered for one rush report with CMA and 8 statistical charts and scatter graphs using alamode Titan analytics.

The fed has stated low interest rates til 2023 so the refi and sales markets will continue and need rush appraisal work. Rush report ready in 4 days or less verses 1-2 months from now. Still get 40-50 requests a day. So the Simple Rush Only business plan works like clock work.

Broker/ Certified Residential Appraiser since 1980 to the present. Covering Carmel by the Sea to Silicon Valley.

i would put my name and address, business card taped to my chest so if I got lost, they would see the card and birng me home.

I agree that it’s a good side gig, but what are the bigger & better things you do and what do you have that’s so great ?

What holds me back is unadulterated laziness. That and the free time. So I guess they’re one in the same. It’s going to take a miracle.