Successful commercial appraisal firms provide training and software tools for success. Sales and marketing along with collaboration is key. Generate new ideas on how to better market, sell, create and distribute your appraisal product.
Vendor management will add an additional hurdle for commercial fee appraisers to continue to do bank work. Learn about SOC and penetration testing. Time for appraisers to form a group to save on cost and share knowledge.
Banks: "What we’re currently getting now isn’t very good."
Appraisers: "We can do these profitably and without liability?"
1. Superior option for banks, reduce “hit or miss” quality.
2. Add value for your bank clients.
3. Lucrative and scalable product for appraisers.
4. Hire non-appraisers, new entrepreneurial model.
5. Diversification improves business success and longevity.
Deb Clark, MAI CEO at Eval.com and President/Chief Appraiser at MountainWest Valuations
Take a few minutes to learn a few things about the office market (not the obvious Covid stuff) with Carlo Bruno.
* What are your assumptions for renewal probability?
* Understand key tenants desire for flexibility in renewal.
* Evaluate their ability to have a hybrid workforce.
* Renewal probability spectrum – less space going forward.
* Space churn – rollover frequency increases.
* Ancillary revenue stream – parking goes away.
* Sublease active – case-by-case.
* Disconnect between tenants, landlords and lenders.
Overall take-away – understand your tenant base.
Carlo Bruno, MAI (non-practicing) PwC | Strategic Initiatives, National Real Estate Director
Heidi Lee, MAI, YouConnect’s Chief Compliance Consultant and Jeff Hicks, MAI, RealWired's President discuss: Getting the "right" appraiser to do your reviews, either in-house or external to the bank.
Heidi Lee, MAI, YouConnect’s Chief Compliance Consultant and Jeff Hicks, MAI, RealWired's President discuss: As an appraisal manager or chief appraiser, how are you handling your evaluations?
The appraisal industry is dying… or is it? How are industry is lacking the confidence to change. The confidence to embrace technology. Especially collaboration with your employees. Aspirational goals. Opportunity is where you look.
Commercial appraisers knew a lot of stuff that other people don't know. Take an honest look where you out are in your career, consider a huge infusion of motivation, excitement and productivity mojo. What you do as an appraiser matters.
Do you find yourself energised excited about creating your appraisal product? Service your client innew and fun ways, revamp your format, reposition your value prop. Offer some new products. Make some new donuts.
Are you self sabotaging your commercial appraisal firm? Considered great communication, lifelong learning, passion for problem solving, trust, invest in tools, aligned interest and process for collaboration.
Asking what" questions is way more productive than asking "why" questions. "What" can you do to improve the productivity of your commercial appraisal firm?
#Teamwork #Optimism #Productivity #Commercialrealestateappraisers #Officeculture
Fee apraiser's should discuss the health and economic crisis impact on market conditions even if it's inconclusive. What's its potential impact on collateral? Good time to communicate more to your readers.
Commercial appraisers should look to the accounting industry to recognize the rapidly changing skills and competencies the practice of accounting requires today and the future. The model is adaptive and flexible.
Should commercial appraisals emphasize a particular client's risk perspective? Chief appraisers want a duscussion of the market position of the subject. SWOT analysis highlights a subject's risk, important for bank loan origination and due diligence for buyers.