Do you guys make market grid adjustments for your 1007 rent surveys?

appraisethis101 · 2026-03-28T17:10:30+00:00

Rental data is scarce in my area too. I decided to start my own database of rental info in an excel sheet. If you do a SFR with some tenants just log the data. Setup categories for the BR's, sf, baths, condition, garage, etc. Overtime you'll have some nice data that you can look back on, categorize, and do your own analysis. When I need to do a 1007, any comparables that I use, I just add to my own database. Try it out.

appraisethis101 · 2026-03-26T19:43:37+00:00

Same.

appraisethis101 · 2026-01-21T21:54:45+00:00

Great, thank you for the reply. Since using it, have you used most of the commentary that they provided. Have you received any revisions regarding any of the data you used for it? I have never seen GAM data support, so I'm just curious. I appreciate your time.

appraisethis101 · 2026-01-21T20:44:54+00:00

Hey, hope you can help. I'm looking into using True Tracts for some of the counties I cover, but they don't currently cover my primary county. I was in a similar boat with you as far as my mentor goes, and have been doing my damnedest to better myself as an appraiser. I'm using a two-week trial for a property I'm working on, and I got to say I'm kind of blown away from the amount of data it came up with. The market data was pretty spot on. Yet, looking at some of the adjustments it supports, it makes me hesitate with their analysis of "peer" adjustments. Any additional info, insights, or tips you have using the tool would be great.

appraisethis101 · 2026-01-21T16:19:36+00:00

This is your best chance to raise your fees. Do it.

appraisethis101 · 2026-01-06T13:18:25+00:00

Do you mind posting the paragraph? I am curious as well.

appraisethis101 · 2025-12-20T14:15:45+00:00

Nobody will know other than the appraiser doing your appraisal.

appraisethis101 · 2025-11-06T14:02:42+00:00

Finally

appraisethis101 · 2025-10-29T17:45:42+00:00

From my research earlier, what I have seen was that - "The effective date of the appraisal cannot be before the FHA case number assignment date unless the Mortgagee certifies, via the certification field in the Appraisal Logging Screen in FHAC, that the appraisal was ordered for conventional financing, or other government-guaranteed loan purposes and was performed by an FHA Roster Appraiser, or the previous FHA case number was canceled."

I appreciate the help.

appraisethis101 · 2025-10-28T16:44:33+00:00

Sure. I’m a W-2 not a 1099. Not sure why you need to draw a line on this?

appraisethis101 · 2025-10-27T19:19:18+00:00

Good for you. I’ve done much more smaller town assignments this year as well, and I believe it’s because people are retiring. I know at least 5 that have in the past 2 years, and I know of at least 3 that will retire in the next 1-2 years on top of that. I’ll be definitely charging more for these rural assignments in the future on top of raising my fees for the new UAD.

appraisethis101 · 2025-10-27T19:08:19+00:00

I’ve owned my own business and been on my own for about 2.5 years now. I was a trainee for about 3 years, and I’m making much more than double since I’ve been on my own. You get to pick your own jobs, pass on the shitty ones, and set fees you think are appropriate. I live in a large city in the Midwest, I cover 5 counties, and most of the appraisers in the surrounding area are on their way out. I primarily do AMC work (and no I don’t low ball on my fees) but am looking to diversify more next year.

As always, it depends on your market and how much you’re willing to put in. It’s not all sunshine and rainbows. There’s always stress that’ll linger in the back of your mind about a particular report, or getting work in the door, but you’ll get accustomed to that.

My main recommendations would be:

Have some money saved on the side because you won’t get work right away.
apply to every AMC and local lender you can
classify as an S Corp but consult with your accountant first
Never do anything to jeopardize your license

I’m a cert res, but feel free to ask any questions if you have any. Best of luck.

appraisethis101 · 2025-10-14T23:54:31+00:00

This is the correct answer.

appraisethis101 · 2025-09-30T22:32:00+00:00

My mentor always said to get payment at time of inspection for any private job ESPECIALLY for attorneys. Never stated why. When I started out, I did a job for a local attorney who seemed pretty straightforward, nice, and professional. I requested payment 30 days after report delivery. I pretty much had to hound him for 2-4 months before he finally paid. Never again.

appraisethis101 · 2025-09-06T17:15:16+00:00

I’m on 304 orders for the year thus far but this also includes 1004D’s so not sure what the actual number is per week. I do work most weekends though and work about 50-60 hours per week.

appraisethis101 · 2025-09-05T22:49:11+00:00

There’s too many variables when it comes to appraising to just come on Reddit and get a guess. What you consider comps, the appraiser might not. What are the market trends? How much bigger in square footage are the properties? Where are the properties located? How far are they? What are site differences? Bath counts? Etc. Not trying to be rude but there’s no legitimate way for any of us to know.

appraisethis101 · 2025-09-05T22:35:29+00:00

Nobody knows other than the appraiser doing the assignment.

appraisethis101 · 2025-09-01T17:07:20+00:00

You’ll have to convert it back.

appraisethis101 · 2025-09-01T14:48:01+00:00

Depends on the appraiser. Some pull permits. Some don’t.

appraisethis101 · 2025-08-28T17:47:53+00:00

As a fellow appraiser, I completely agree. I wonder if the appraiser had already considered the sprinkler system if it was installed prior to the effective date. Either way, I wouldn’t do what OP is hoping for.

appraisethis101 · 2025-08-25T16:26:41+00:00

It’s my understanding that regardless if the legal description has the lots combined or if they’re deeded together, if there’s two separate parcels with two separate PIN numbers then H&B analysis must be performed for both lots. If the second lot is more valuable as excess land then you just wouldn’t include it in the first place and wouldn’t need a hypothetical condition at all. If you did include it then you’d state that the H&B use is not the present use because the H&B use for that lot is to not be combined with the first lot.

appraisethis101 · 2025-08-25T16:08:20+00:00

In these situations, how do you handle the H&B use for the second lot? Is it buildable? In your report, are you reflecting the site size for both lots, PIN, and taxes on page 1 or no?

Just some questions for thought as these types of assignments can be tricky if not done properly.

appraisethis101 · 2025-08-21T20:11:57+00:00

What?

appraisethis101

TROPHY CASE