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7 Things An Appraiser Never Wants To Hear

September 10th, 2014 by Bill Collins Leave a reply »

We Don’t Want To Hear Them, But We Do All Too Often…

1. “We know what it’s worth, we just need it appraised”.

2. “I need a ‘high’ appraisal” (refinance appraisal).

3. “I need a ‘low’ appraisal” (tax appraisal).

4. “I forgot my checkbook”.

5. “We pay in 30 days after the 1st of the month after the appraisal is submitted and approved” (from an AMC).

6. “He (the dog) might not look it but he’s really friendly”.

7. “You really don’t want to go in that room”.

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ClickForms From Bradford Technologies

Older Appraisers Enjoying Entrepreneurship, Not Retirement

In past newsletters, we have noted that appraisers have not only diversified their appraisal practices but have expanded into other real estate related areas such as brokerage, property management and consulting.  We have also heard many appraisers discuss their forays into a variety of seemingly unrelated businesses.

These “seemingly unrelated” businesses actually make use of the skill sets, work habits and character traits that appraisers have developed through the years such as:

~Persistence and the willingness to work 10,000 hours (or 5 years) to master something, a rule of thumb discussed in Outliers by Malcolm Gladwell.

~Understanding how to prioritize and when to say “no” (thank you AMCs).

~Basic business know how that is translatable from one business type to the next along with knowledge of networking and marketing.

~Ability to work alone as well as team up with others for specific projects or joint ventures.

~Ability to be flexible along with the ability to make quick decisions.

It is estimated that almost 3 billion people are now online, up from 394 million in 2000.  Appraisers who have become comfortable in the e-commerce world possessing the above mentioned traits have a much greater chance of succeeding than those who don’t.

Why are we discussing this? See the recent projections of declining mortgage appraisal volume in our recent newsletters…

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AppraiserNews is a FREE publication, supported by advertising and sales of products designed to help appraisers support and grow their businesses. Please consider supporting us today by seeing what we and our sponsors have to offer.

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Recent Real Estate Reports

Last Thursday, the National Association of Realtors (NAR) reported that their Pending Home Sales Index for July was up 3.3% from the previous month but down 2.1% from July 2013.

Increases from the previous month were seen in the Northeast (+6.2%), South (+4.2%) and West (+4.0%); a decline of 0.4% was reported in the Midwest.  Declines from the same month last year occurred in the South (-1.0%), Midwest (-6.4%) and West (-6.0%); an increase of 8.3% from last July was reported in the Northeast.

Two days earlier, the NAR reported that improving economic conditions were gradually improving their forecast across all of the major commercial real estate sectors.  The NAR projected that while office vacancy rates over the coming year likely would remain stable, respective declines in the industrial and retail vacancy rates of 0.4% and 0.2% are anticipated.

A link to the NAR report which includes breakdowns by area and sector is found here: Improving Economy Slowly Brightens Outlook For Commercial Real Estate

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One More Time: Some Random Tweets to Make You Smile

1) Women spend more time thinking about what men are thinking than men actually spend thinking.

2) If you fall, I will be there.    –Floor

3) It is amazing what people can neglect in order to tweet.

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Appraiser Help’s 2014 Directory of AMCs and National Appraisal Companies is Now Available!

To help appraisers evaluate how AMCs will work for their appraisal practices, we have compiled this expanded directory of AMCs and National Appraisal Companies, listing complete, contact information and other details for each listing.

If you’re looking to maintain or expand your mortgage appraisal practice, our Directory of Appraisal Management and National Appraisal Companies is a great place to start. Order it today for $69.99 and download it immediately!

Please visit our website now to make your purchase securely or contact us at (877) 434-2825 for more information on this comprehensive directory!

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Rates & Dates

Freddie Mac, the Mortgage Brokers Association (MBA) and HSH Market Trends reported mostly unchanged mortgage interest rates in their most recent surveys. 

In their survey on September 4th, Freddie Mac reported that 30-year fixed-rate mortgages were unchanged from the previous week (which was the lowest of 2014) at 4.10%. They also noted that last year at this time the 30-year rate was 4.57%.

Also on September 4th, Freddie Mac released their Mortgage Credit Availability Index for August which showed an overall tightening of mortgage credit.  Michael Fratantoni, the MBA’s Chief Economist, noted that while there was an overall tightening “…lenders instituted additional offerings of loan programs like the FHA 203(k) home improvement program and one-time-close programs for financing new construction.”  

The Mortgage Bankers Association (MBA) reported on September 3rd (for the week ending August 29th) that 30-year rates with conforming loan balances ($417,500 or less) declined from 4.28% to 4.25%, the lowest point since June 2013.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) was unchanged at 4.22% while rates for FHA backed mortgages rose nominally, from 3.98% to 3.99%. 

Mortgage applications increased by 0.2% from the previous week with the share of refinance applications as a percentage of all applications rising to 57% from 56% the previous week.

On September 5th, HSH Market Trends reported that 30-year mortgage rates were unchanged from the previous week at 4.17%.  Rates for FHA-backed mortgages also remained the same as the prior week, at 3.91%.

Additional information from Freddie Mac can be found by going to: Primary Mortgage Market Survey PMMS – Freddie Mac

Additional information from the Mortgage Bankers Association can be found by going to their site at: Research and Forecasts – Mortgage Bankers Association

Additional information from HSH can be found by going to: HSH.Com

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Appraiser Help has Released its 2014 Directory of AMC’s and National Appraisal Companies. Click the link above to learn more and to download your copy today!

Ask Angie

We would first like to congratulate our most recent winner: New York appraiser Deborah Urianek of Orion Appraisals & Management Services.  Orion Appraisal provides appraisal services in Nassau and Suffolk Counties on Long Island and in the Borough of Queens in the City of New York.  Debbie was the first to answer correctly that Robin Williams was the answer to all three of Angie’s questions in the last newsletter: “In America they really do mythologize people when they die”; "You’re only given one little spark of madness. You mustn’t lose it”; and “If it’s the Psychic Network why do they need a phone number?”

Today’s Questions:

1. Who said: “What you get by achieving your goals is not as important as what you become by achieving your goals.”

a) Henry David Thoreau
b) Alex Rodriguez
c) Mark Zuckerberg
d) All of the above
e) None of the above

2. Who said: "Wealth is the ability to fully experience life.”

a) Henry David Thoreau
b) Donald Trump
c) Bill Gates
d) All of the above
e) None of the above

3. Who said: “It is not enough to be busy. So are the ants. The question is: What are we busy about?”

a) Henry David Thoreau
b) Kevin Marshall
c) Andrew Cuomo
d) All of the above
e) None of the above

The first person to respond with the correct answers wins a choice of one of the following:

One Free Regular Listing on

A Free Copy of the 2014 Directory of Appraisal Management Companies (Available to Members of and FREE!)

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Tell us what you think!

We invite your responses to any of the issues raised in this newsletter. Please e-mail us at: with your thoughts!

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We really hope you find our newsletter to be informative!  If you have any input on future topics for discussion, please email me your questions and I will do my best to address them in the next issue.  If you want to look back at past issues you can see our archive at


Bill Collins, Appraiser Help Inc.

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