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RubberStamp

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Reply with quote  #1 
I'm down to zero orders on my desk...  [confused]
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #2 
its fair season.  No one applies for loans during the week of the fair.  Ask your LO's they will all tell you this.
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RubberStamp

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Reply with quote  #3 
Well I'm heading out of town so its good timing..  but still..  the strangest feeling.  If it weren't always for the storm clouds hanging over us it would be nice to enjoy a slow down..  
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #4 
You worrry about the storm clouds too much.  

Enjoy the slow down.

Im going to see the bodies exhibit on Saturday.  Thats how I am going to enjoy it by looking at cadavers.  Gonna take my dog too... Hope that goes as planned.  Then I might go to the Cirque Du Soleil show and cash in my man card.

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RubberStamp

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Reply with quote  #5 
Maybe I do.. can't argue there.  But maybe I don't..  time will tell.  Each year that I appraise its further down the rabbit hole on this career path. I typically like the autonomy of appraising but I have other options so the angst you sense is the tolerance clock going off.  But to your point it is literally impossible to predict what will happen and that is torture for this analytical mind.  I did not choose a career for it to be a ball rolling on the roulette table of bureaucratic policy changes.  I chose real estate because it aint going anywhere...
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #6 
Quote:
Originally Posted by RubberStamp
Maybe I do.. can't argue there.  But maybe I don't..  time will tell.  Each year that I appraise its further down the rabbit hole on this career path. I typically like the autonomy of appraising but I have other options so the angst you sense is the tolerance clock going off.  But to your point it is literally impossible to predict what will happen and that is torture for this analytical mind.  I did not choose a career for it to be a ball rolling on the roulette table of bureaucratic policy changes.  I chose real estate because it aint going anywhere...


And it aint going anywhere.  Sure, they may TRY to replace us... But they can't.

The TRUTH is that real estate is an inefficient economy and no matter how much they would rather turn it into an efficient commodity economy it aint gonna happen.  We will have good times and bad times but there will always be TIMES.  Keep your head up and ENJOY the slow time.  Its been a very good year.  You have made good money.  Chill out a little.  Trump is still in office.

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treskirkland

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Reply with quote  #7 
Quote:
Originally Posted by RubberStamp
Well I'm heading out of town so its good timing..  but still..  the strangest feeling.  If it weren't always for the storm clouds hanging over us it would be nice to enjoy a slow down..  


Well, that is usually the sure fire way to get orders to come in...  happens every time I plan a trip or CE.....    I'm still busy this week trying to get caught up, but so far next week is looking to be slower, which I would like a few weeks of slower - just not dead!
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pnalley

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Reply with quote  #8 
i only have 3 on my desk. I am doing CE. I don't need to renew until June, but at least I will have this one course done.
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Meatloaf

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Reply with quote  #9 
Talked to an LO today that told me last month this week would be dead.  She said she has a full pipeline of crazy ones on the way.
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treskirkland

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Reply with quote  #10 
Total number of home sales have been down the last two months (at least nationally)  which is weird since most of my orders have been purchases lately....  
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RubberStamp

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Reply with quote  #11 
Quote:
Originally Posted by treskirkland


Well, that is usually the sure fire way to get orders to come in...  happens every time I plan a trip or CE.....    I'm still busy this week trying to get caught up, but so far next week is looking to be slower, which I would like a few weeks of slower - just not dead!


Did you ever call it.  Within a few hours of my flight touching down - 5 orders. 

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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BChip

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Reply with quote  #12 
It's slow....it's not just the season. This slow stuff is the pits.
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RubberStamp

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Reply with quote  #13 
Quote:
Originally Posted by BChip
It's slow....it's not just the season. This slow stuff is the pits.


I'm picking up..   we'll see if it lasts. 

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #14 
Looks like it was just a fair blip.  Gotta listen to the LO's.

All the fairs will be over after next week.

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Nomad

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Reply with quote  #15 
I've had a busy month... There's always one of us who has to chime in w/ that.  I'm just glad it was me this time.
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Meatloaf

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Reply with quote  #16 
Working on #608 for the year.
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Nomad

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Reply with quote  #17 
Quote:
Originally Posted by Meatloaf
Working on #608 for the year.


60 per month is a strong average.
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Anna

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Reply with quote  #18 
I want to know how you do it.  Really, how do you do it?  I know there has to be a way because you do it and I know that you're good at what you do.

Just share how.

Anna

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Anna

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Reply with quote  #19 
I know you're awake. I see your name on the board, ML. LOL
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RubberStamp

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Reply with quote  #20 
Quote:
Originally Posted by Anna
I want to know how you do it.  Really, how do you do it?  I know there has to be a way because you do it and I know that you're good at what you do.

Just share how.

Anna


No matter what he says - he has assistance typing reports and possibly in setting appointments.  Maybe his wife?  I've done over 50 a month for stretches..  with some help..  but to average it by yourself would be superhuman.  He also considers finals, updates, alterations - new assignments.  They are included in that number.  So my 55 +/- new orders was probably over 60 ..

Alternatively he may have a couple good clients that feed him drive-bys.  Maybe some desktop?  I know of a guy that gets a lot of drive-bys at $300 a pop and he just bangs them out.  Messing around with the borrower and their schedules is very time consuming.

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #21 
Quote:
Originally Posted by RubberStamp


No matter what he says - he has assistance typing reports and possibly in setting appointments.  Maybe his wife?  I've done over 50 a month..  with some help..  but to average it by yourself would be superhuman.  He also considers finals, updates, alterations - new assignments.  They are included in that number. 


I do have a wife, but I do not have an assistant.  My wife pays the bills and thats it.  No setting appointments, no entering data.... Nothing.

I will tell you that I do it by busting my ass.  Its that simple.

I generally look at 13-20 houses on ONE SINGLE DAY and spend the rest of the week IN MY OFFICE.  

I do not respond to revision requests until I get a phone call.  I do not do status updates.  I do very good reports the first time around and I put in enough comps so that everything makes sense.

That number does include 1004D's

of 614 reports, 109 are 2055's, 1004D's, reviews, relocations etc.

All the local realtors and LO's know my deal.  Schedule with me on this friday or wait until next friday.  Its a real motivating factor for the owners.  I generally call early in the week to see what time of day works best and I try to accomodate.  Then on thursday I call to tell them what time I will be there.  If that doesn't work then I fill their spot with someone from the waiting list.



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Bobby

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Reply with quote  #22 
60 or more is certainly possible.  It all depends on how much time you want to do certain things and how efficiently you can use your time.  I personally find more value in doing less and spending more time being with my family and friends.  This may not be another appraiser's approach.  It doesn't bother me, because I know I control the work flow when it's available.  So you have to ask yourself where is your balance to live a full life.  That is all that matters.  It may be well over 100 or 10 a month for some other appraiser.


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Meatloaf

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Reply with quote  #23 
60 a month is only 15 a week.  Thats only 3 a day mon-friday.  Its not impossible.

I generally roll 3-5 a day.  Its not that hard when you don't have any appointments to waste your desk time.

I get to go to ALL of my kid's functions.  I don't miss a thing.  I am usually the token dude on field trips etc.

My biggest recommendation for anyone is to pick ONE day per week for field work and absolutely refuse to do any appointments or inpsections in the field on any other day.  After a few weeks everything falls into place and runs smoothly.

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Bobby

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Reply with quote  #24 
Meatloaf is 100% correct.  The traditional way appraiser's work is very inefficient.  Or at least that is my experience with the other appraisers I've worked with.
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Meatloaf

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Reply with quote  #25 
Its crazy.  I now live nearly 200 miles from my nearest appointment.  I now make more money and drive less miles/time each week than I used to when I lived in middle Georgia.

I now get all of my inspections and stops between 450-600 miles a week.  When I worked out of my office in mid town, I would routinely do 700-1000 miles a week and grossed less money.

Seriously... Consider sitting only ONE day a week for inspections.  You will find it works wonders.  Sure, its tricky and scary at first but once you get the hang of the scheduling and kicking the can with the clients you are golden.

You got to be balsy though.  You can't be a push-over.  When you get that email requesting a final because they are closing tomorrow you have to know that you are going to tell them to re-assign or close friday afternoon.

Remember... No status updates, no BS revisions.

When they need a revision... I make them wait until someone picks up the phone to call me.  At that point, I tell them to re-read the report.  If I make a mistake or a real error, they get it immediately I don't make anyone wait.

But right now I have a client trying to get me to call the borrower and ask them why they paid what they paid 2.5 years ago.  H A H A.... I ain't doing that... The borrower can call them and tell them that information... Its irrelevant to me.  Do I tell them I ain't doing it??? NO>  They will figure it out.

Do I worry about loosing the client???? NO>  Because if they could find a better alternative they wouldn't have called me in the first place.

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RubberStamp

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Reply with quote  #26 
Although I find it unbelievable I do not accuse you of lying.  There are many factors that are at play...   One of them, if you really are not driving by comps then that could save a huge amount of time when doing that kind of volume.  But then still I do not know how you are getting away with that continuously for so many orders, so many clients.  But no need to state again it is not necessary...  I know your response.  But most clients will not accept it continuously regardless.
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Bobby

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Reply with quote  #27 
Quote:
Originally Posted by RubberStamp
Although I find it unbelievable I do not accuse you of lying.  There are many factors that are at play...   One of them, if you really are not driving by comps then that could save a huge amount of time when doing that kind of volume.  But then still I do not know how you are getting away with that continuously for so many orders, so many clients.  But no need to state again it is not necessary...  I know your response.  But most clients will not accept it continuously regardless.


“Will not accept” what?

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Meatloaf

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Exactly?  Will not accept what?

For what it is worth, I do get a crap ton of original comp photos.  It is actually not uncommon for me to do a report and actually have several if not all comps be houses that I have appraised previously.



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Anna

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Reply with quote  #29 
That's incredible.  Good for you if you can do it.  I complete rural properties in North Ga and that may be what slows me down.  I make a good living, but not like you do, ML.  I can't imagine completing 15 reports in a week. I've completed 5 to 7 in a week but I'm much older than the rest of you guys. I include complete synopsis of the listings, a rationale of the subject and comparables, deeds, (of course) maps, tax commissioner records, 1004MCs and comments, a pot load of photos, etc.  Slows me down but up here in NGA that's what is required.
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RubberStamp

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Reply with quote  #30 
Quote:
Originally Posted by Bobby
“Will not accept” what?


Try using all mls photos for all of your reports continuously no exception and see what I mean. 

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #31 
Been doing it for years dude.  And I do disclose the photos that are original and the ones that are not.  So there you go.

I don't try to hide anything from anyone.

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RubberStamp

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Reply with quote  #32 
That was for bobby.. I know you are.  And I'm not a stickler.. but I'm selective. I feel your market does not have the appraisal competition most of ours does so there is a lot more room for playing hard ball with clients.  It's one thing to have to comment away a photo or two every now and then but your reports are typically going by the same group of reviewers and they do catch on..  and if there are other options in your market, they may choose to use them instead if you don't play by their engagement letter.  
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Bobby

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Reply with quote  #33 
I fired those fckers long ago.  The ones that fixate on a photo and lack the brain cells to read and comprehend a report.
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treskirkland

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Reply with quote  #34 
Quote:
Originally Posted by RubberStamp
That was for bobby.. I know you are.  And I'm not a stickler.. but I'm selective. I feel your market does not have the appraisal competition most of ours does so there is a lot more room for playing hard ball with clients.  It's one thing to have to comment away a photo or two every now and then but your reports are typically going by the same group of reviewers and they do catch on..  and if there are other options in your market, they may choose to use them instead if you don't play by their engagement letter.  



That's the difference in being in a rural or semi rural area verses a large metro area.  If I tried to say I only do inspections one day a week, I would loose most of my work.  But, when you have little competition you can be more selective.   Scheduling is probably the least efficient part of my work.  But, even if I only did inspections one day a week, there is no way I could do 15 in one day, unless they were all in the same s/d and half of them were drive-by's.   Even if they are just 10 miles apart that could be 30-45 minutes of drive time in between appointments.  
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RubberStamp

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Reply with quote  #35 
Quote:
Originally Posted by Bobby
I fired those fckers long ago.  The ones that fixate on a photo and lack the brain cells to read and comprehend a report.


My problem is that the ones that fixate are my best clients - $500 an order.  So I play ball...

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Meatloaf

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Reply with quote  #36 
Quote:
Originally Posted by treskirkland



That's the difference in being in a rural or semi rural area verses a large metro area.  If I tried to say I only do inspections one day a week, I would loose most of my work.  But, when you have little competition you can be more selective.   Scheduling is probably the least efficient part of my work.  But, even if I only did inspections one day a week, there is no way I could do 15 in one day, unless they were all in the same s/d and half of them were drive-by's.   Even if they are just 10 miles apart that could be 30-45 minutes of drive time in between appointments.  


5 years ago, I would have agreed with you 100%.

But after sticking to one day a week, 4 years later I have made more than 100K more each year since I went to this model than I did in the years before.

Look, If you think its impossible to do 15 inspections in a day... Know that I drive 4 hours to my first inspection and 4 hours home and still get in 15 or more inspections in a day.  My subjects are generally 3-10 miles apart and I range about 50-75 miles from my nearest to farthest inspection.  Book them back to back in the middle of the day and book them AROUND the peak traffic paterns.  It is hard to do.  I won't lie.  Getting the schedule to work is VERY complex.  But its doable and the more you do it the easier it becomes.

As far as working for the photo nazi's???? Fire them.  $500/report for a photo nazi is nothing.  You are loosing money.

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