Can AVMs Work for You? By Bradley H. Ellis, IFA, RAA By now, most of us have utilized technology to change the way we do business. We’ve been able to leverage technology to work faster, smarter and cheaper. But what do we do about AVMs, which many feel will eventually put appraisers out of business?...…
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Fitch, Fannie and Fraud: Conference Roundup WRE hit the road to bring you the latest from several important industry gatherings (see insert). With many practitioners working from home offices, these conferences help us all stay connected and up to speed. The issues that emerged this year are familiar but include some new twists: AVMs, fraud,...…
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Survival 101: Getting Ahead without Going Along By Tim Cullen, IFAS Why are so many appraisers angry and bitter? First, we appraisers are designated to be the only disinterested party in a real estate transaction. We function as the eyes and ears of lenders, or as some say, as the “gatekeepers” in the real estate...…
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Editor’s Note: Times have changed and so should appraisers wanting a long-term and profitable career. If you haven’t learned how to promote yourself and your business, the next down cycle could be your last. Charlie Elliott lays out a few choices. Power of Networks By Charlie Elliott, Jr., MAI, SRA An appraisal “network” can be...…
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Growing Business with Existing Clients By Ken Rossman Here’s a riddle: how do you grow your business without adding new clients? The answer is, you grow business by cultivating your existing client base. Here are a few simple ways to add to your bottom line without spending time and money chasing new clients. The appraiser...…
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Going Mobile: Today’s Super Appraiser By Matt Johnson Every ten years or so a new technology emerges that revolutionizes the appraisal and property inspection industries. The 80’s brought the fax machine. The 90’s gave us digital cameras. What would even the most old-school practitioners do without these tools today? Appraisers and inspectors were some of...…
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Appraiser Cleans House By Christie M. Bond I own and operate a two-appraiser firm in a small, under-served town in West Michigan. I have worked very hard to build a good reputation for my firm and myself. Fed up, burned out and tired of the day-to-day struggle to maintain that reputation and keep a steady cash flow, I have decided to take drastic measures with my current and future clients…. I fired them all. After six years in...…
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Appraising Disasters: When the Levee Breaks Part II: Real Work Begins By David Phillips, SRA As the date for the inspections drew closer, we enlisted the help of the Village Clerk. She was an invaluable partner in the process because she had addresses and phone numbers for most residents. After the flood, many residents went...…
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Editor’s Note: The following is excerpted from a freewheeling online discussion among appraisers about AVMs. It makes for interesting reading: if you want to know about something – ask an expert. AVMs: Ask an Expert(s) Just what is “Value” Anyway? – Since accuracy is determined by sale price, how can an AVM not be the...…
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Editor’s Note: Regulator and appraiser Larry Disney shows how USPAP is more flexible than many presume, when it comes to reassigning appraisal reports. Dos and Don’ts: Readdressing, Reassigning and Transferring Reports By Larry Disney Real property appraiser licensees often ask, “Can I readdress, reassign or transfer a real property appraisal report?” The answer is “no,”...…
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