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Frustrated Appraiser Gets A New Career!
One day, a couple of years ago, I was in a real estate office to pick up a key for an appraisal inspection when the real estate girls asked some kind of stupid question, and my response was, “well, what are they afraid of, Frustrated Appraisers going wild”? Everybody kind of giggled, but it had a good ring to it, I kind of liked it.
What is Appraisers Gone Wild? I don’t know. Right now it is just a blog where I can vent about the everyday trials, tribulations and triumphs of a residential real estate appraiser. Not many triumphs these days, though. Not with HVCC, AMCs, inexperienced appraisers low balling fees, underwriters, mortgage brokers, bankers still pressuring for values so they can keep their customers, real estate agents, oh, and did I mention underwriters?
The unbelievable conditions and guidelines that mortgage companies and underwriters come up with these days is amazing. Really, just a few weeks ago, on an appraisal for a lender I have done a ton of work for, I was asked why my name is what it is. Why is the name on my appraisal license what it is. Seriously, a condition for appraisal approval for somebody’s loan was why is the appraisers name Geoffrey? That is the world we are living and working in right now. And that doesn’t even get in to the ridiculous conditions of 3 sales that have closed within the last 30 days from within 1 mile of the subject. Well, idiots, if there were sales like that, they would already be in the report, now, wouldn’t they.
Anyway, it is just a crazy time to be an appraiser. I got in this business for the potential freedom it offered…after sufficient training and experience, I could work from home! Be in business for myself! Have freedom and income all at the same time!
Well, a funny thing happened on the way to Utopia. Uncle Cuomo stepped in, created the HVCC, and now all of the relationships I’ve built (or at least most), over the past 8 years are worthless. This is today’s residential real estate appraisal profession. It is no longer about relationships with clients, excellent service, honest opinions of value.
No, today it is about winning the lottery every day with your name coming up for the AMC to order an appraisal from you. And, by gawd, that form (otherwise knows as the appraisal report) better be filled out correctly, and we need it back in 48 hours, and we are going to pay you $250 while we collect $450 from the borrower. This is the world of Appraisal Management Companies and today’s typical appraisal request.
You and I are no longer rewarded for doing a professional job, and supporting adjustments and painting an accurate and supported opinion of value. We are only rewarded for getting the report back to some cubicle in Dallas in 48 hours. It’s crazy, I tell you.
Given all this craziness, it is time for me to jump out into a new venture. So, I’ve taken to blogging and marketing goods and services on the internet. This is a perfect New Career For Appraisers as it combines our ability to paint pictures with words and a different source of income that is independent of brokers and AMCs and underwriters. Now, that is what I’m talking about!
Read realistic advice in the sphere of the magic of making up – make sure to read the web site. The time has come when concise info is really only one click of your mouse, use this possibility.
