Varying Appraisal Fees, Coworking Spaces, the Golden State Killer’s House, and More Appraisal News

varying appraisal feesThere’s always plenty of talk about fees in the appraisal profession, and we’ve featured two articles this week that offer opposing views on varying appraisal fees. The Great Recession put plenty of people out of work, spurring the entrepreneurial spirit for many out of necessity. Although we are a full decade into an economic recovery, the trend toward “the gig economy” continues. One place it is particularly evident is in the use of coworking spaces, which is impacting the commercial real estate biz. The capture of the alleged Golden State Killer has been much talked about recently, but one area that hasn’t been addressed: the home he owns in Sacramento. Weigh in with your thoughts in a brief survey. Read on for the latest in appraisal news.

Coworking spaces changing office real estate

There is no doubt that there is a gig economy trend that is making shared office spaces appealing to entrepreneurs, startups, and remote workers. What does this mean for commercial landlords and tenants? And how does it impact the valuation of commercial properties? You can read the full article in Valuation magazine.

The Golden State Killer’s house

Sacramento appraiser Ryan Lundquist has an unusual survey on his blog this week. With the suspected Golden State Killer’s arrest of a few weeks ago, interesting questions arise about his home were it to be listed for sale. You can read the article and take the survey here. (Find out more about appraising stigmatized properties in this article.)

I can’t, therefore…it’s not possible

How much are you getting paid for appraisals? Do you have appraisal fee envy of other appraisers who are getting more for the same appraisal—or do you simply not believe them when they say how much they are getting? Or are you just not getting paid the same because your work is sub-par?

Most residential appraisers have been given a grade based on the quality of their work and the way they run their businesses. Tier 1 appraisers are often paid more than $700 for a standard 1004 appraisal on a ranch style house on an inner-city lot than Tier 2 or Tier 3. Why? Quality and professionalism.

Read more to find out how you can improve the quality of your work as an appraiser. (Don’t miss this article on setting up a five-year plan for a successful appraisal career.)

Appraisals, fees, lenders, and lies…

This piece presents an opposing view on varying appraisal fees from the article featured above—that appraisers literally have no control over what they get paid. The author blames the HVCC, and if you check out the comments below the article, most appraisers seem to concur.

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