Currently, where does the bulk of your appraisal work come from?
www.appraisalport.com poll 10-28-13
Direct mortgage lenders 1,695 votes 32%
AMC’s 3,149 votes 59%
Legal/estate work 83 votes 2%
Expert witness 26 votes 0.5%
Condemnation 27 votes 0.5%
Other 366 votes 7%
Total Votes: 5,346
My comment: 91% of residential appraisers report that most of their work comes from lenders/AMCs. This poll may be a bit skewed as appraisalport is a lender portal. But, relatively few residential appraisers do non-lender work on a regular basis. (Not just when lender work is slow.) Visit www.appraisalport.com and vote on the current poll!!
I have been writing about getting non-lender work since 1992. You can do it, if you want. But, if you have only done lender work, it can be hard to try something new. But, it is not really that hard. I have not done lender work since 2005 and turn down work every week. Subscribe to the paid Appraisal Today Newsletter or purchase one of my Special Reports on non-lending work.