www.Appraisalport.com – another great poll!!
How do you foresee your workload and income changing in the next year if the government slows its purchase of mortgages and/or interest rates begin to rise?
I see things slowing a lot. (36.4%) 1,886 votes
I see things slowing a little. (38.5%) 1,993 votes
I don’t’ see any real change (18.9%) 978 vote
I see things picking-up a little. (3.8%) 198 votes
I see things picking-up a lot. (2.4%) 126 votes
Total Votes: 5,181
My comments: I suspect it will slow down but I don’t know how much. Lots of appraisers are turning down work every day now. Time to prepare for the upcoming slowdown, with the inevitable reduced fees. Fees are now based on supply and demand of work.
Make as much money as you can on each appraisal you accept.
The July issue of my Appraisal Today newsletter, see below, has an excellent article on negotiating with AMCs to make more money.
I also have an article on getting started doing divorce appraisals. I have always taken non-lender work, since I started my appraisal business in 1986. I would not be in business today if I didn’t have it to help me get through the down cycles of appraising, both the big and small swings in volume of business.