Editor’s Note: Setting fees can be agonizing for some small-business professionals. Here, a handful of seasoned inspectors discuss how their fees are set and how they figure the true “cost of doing business.” Inspectors: How to Establish Fees by David Brauner, Editor WRE According to a recent online discussion, most of the inspectors who do…
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Pros and Cons: Lowering Fees in Slow Times This time of year inspectors agonize whether to lower fees to make it through the traditionally slow winter months. Appraisers are facing similar issues in this slowing real estate market. Some inspectors drop fees to generate business using “coupons” and “seasonal specials,” but seasoned pros say lowering...…
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How to Make Six Figures Appraising by David Brauner, Editor What began as a “pep talk” for trainees turns out to be pretty good advice for every appraiser. Walt Humphrey, IFAC, was reading the online laments of several trainees struggling to make ends meet while earning their appraising stripes- working a second job on weekends,...…
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An alarming precedent has just been set for real estate appraisers in the bankruptcy case of Evaluation Solutions/ES Appraisal Services (ESA). Despite numerous objections from appraisers and agent/brokers alike, a Florida bankruptcy judge has ruled in favor of JPMorgan Chase in granting a Bar Order which absolves Chase of any liability on future claims from…
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Before I started AppraiserDepot.com, I owned my own appraisal shop in Oklahoma City . Like many of you, the one part of the business that I struggled with was advertising. Since I didn't have a marketing background, I had trouble coming up with creative ideas that made me stand out from my competition.
After brainstorming for…
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Next Big Thing: Appraising Small Businesses By Lloyd R. Manning Not that many years ago Xerox and others were harshly criticized for not entering the small copier business. Headlines read: “The millions no one wanted.” It was only after the Japanese inundated the small copier market that American companies woke up to realize they overlooked...…
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Editor’s Note: Last issue, in Appraiser Cleans House, Christie Bond uncovered a dirty little secret shared by many appraisers: they love working with AMCs! In response to a mailbag full of reader questions, Christie brings us this follow up: Making Money with AMCs. Making Money with AMCs By Christie Bond So you have heard the...…
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Editor’s Note: One in an occasional series of shared stories designed to bring a fractured and diverse appraisal community together in the pages of Working RE Magazine. Appraiser Slice of Life: Full Fees, No Bull John Hoffert and Bruce McMahon have several things in common besides their love of appraising. They don’t slash fees to...…
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Editor’s Note: Events such as the sale of a business, a divorce or a buy-out between partners are occasions where the parties often disagree on the value of the item in question. These occasions are an opportunity for a valuation expert to provide a neutral opinion of value and earn a handsome fee. In such…
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It may be hard to imagine today but sometime in the future you may find yourself with not enough work to keep you busy, especially when interest rates begin to climb. Even if you’ve reached a certain point in your practice and find that existing clients and word of mouth keep you relatively busy regardless…
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