You know how an appraiser can tell when the interest rates go down, A serge of business that's how. For months banks would not lower their rates because they are afraid to lend. Even though part of the reason for the Government bailout was so lender's would start to lend again, it just didn't happen. Well I guess through some divine intervention rates have dropped.
Over the past year I have joined many AMC's ( appraisal management companies) They are national companies that work with some of the largest lenders like Bank of America or Wells Fargo. Even with all these companies things can be slow, however if I get an order here and there from these companies they can add up do a decent month. When things however happen such as rates going down, even just a little, then we get busier.
I am not saying that's a bad thing, but it just goes to show you that it doesn't take much for things to pick up. And when we are all dealing with these challenging times any surge of business sure makes it all start to seem worth it.
Now, I know that alot of appraiser's out there don't like appraisal management companies. I will admit that some companies are very demanding and don't pay well at all, however there are companies out there that are very easy to work with and do pay fairly well. You have to pick the companies you want to work with.
You can purchase a list of appraisal management companies by going to http://www.appraisaltoday.com/ this site also has some great marketing ideas. For all you real estate broker's out there many of these companies that also deal with BPO's (broker's price opinion) many of them pay fairly well and there might be possibilites to pick up some REO's (real estate owned) listings.
The marketing hint for today is get business from were ever you can to survive the tough times. We all have to make sacrifices, and things alway turn around.
The appraiser
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