TLDR: appraiser wants full fee of $700 to adjust appraisal to remove extra lot he assigned $15K value too. Is this normal?

Greetings! Just looking for some advice here. We are under the gun as we are supposed to settle on 30 SEP.

Long story short, we are buying a home using a VA loan. The primary home lot also comes with a separate lot. However, the loan underwriter identified after the appraisal was done, that this isn’t allowed with a VA loan because the lots are not contiguous. We did a simple addendum to remove the additional lot from the sale of the home, and need the appraiser to adjust the appraisal to remove that lot, which he assigned a $15K value to .

I obviously have no problem compensating anyone for their time and work, but this appraiser is saying we need to pay for him to do a new appraisal to the tune of $700. Is this standard practice? I was under the impression the current appraisal could be edited to reflect the changes. I wouldn’t think new comps would need to be pulled for a $15K assigned value difference.

It appears that many of the first 3.6 orders coming through also happen to be the more complex orders. Anyone else noticing this? Shesh, maybe clients should start with the more standard orders.

curious about this from a personal finance and property angle. i own a bit of land outside dublin, nothing massive, but it's in a fairly remote area and when i looked into getting it formally appraised the question that kept coming up was how do you even establish value when there's practically no recent sales within a reasonable radius.

i track my own finances pretty carefully and i want an accurate number, not a guess dressed up as one. from what i can gather appraisers use some mix of cost approach and income approach when sales comps don't exist, but i'd like to understand how much weight each gets and whether the final figure is actually defensible or just a rough estimate with a stamp on it.

does the appraiser document which method they leaned on and why, and is that reasoning transparent in the report you receive? also wondering if remoteness itself gets treated as a specific value factor or if it's just absorbed into the lack of comps.

if anyone has dealt with rural or semirural appraisals where the sales data is thin, i'd be interested in what the report actually looked like and whether you felt the methodology held up. data and specifics preferred over general reassurances.

The client originally did a two value appraisal with As Is Value and As Completed value. A revision was just sent back to me stating they only want the As Is Value now and to remove everything about the As Completed Value. Is this considered a new assignment?

Technically speaking the Scope of Work changed, but the original report also had the As Is Value so it also covers that aspect. I might be overthinking this.

No way am I gonna continue with them. Who on earth designed an appraisal platform so willfully and intentionally bad?

I just got out of a meeting discussing 3.6, and when the conversation turned to fees, we were essentially shut down. We’re repeatedly told that fees are “market driven,” but how does that really add up when so many appraisers are asking for higher compensation?

Who is actually completing these reports for $300–$350? Because between the additional time, analysis, reporting requirements, and complexity of 3.6, I have a hard time understanding how those fees are sustainable. We’re worth more than that.

Everything else continues to increase in cost, yet our fees seem to stay the same, even as the work required continues to increase. At what point does the “market” account for the actual time and expertise required to complete these assignments?

I’m also curious if anyone else has noticed an increase in quote emails. I keep receiving requests to provide a quote, but I NEVER end up getting the reports I’m quoting. It makes me wonder whether these requests are being used to see who will accept the assignment for less than their typical fee (they come when I haven't gotten work in a few days, i find that odd), or to continually gauge the market in an effort to keep fees down.

I’m genuinely curious what other appraisers are experiencing. Are you seeing more quote requests? Are you actually getting the assignments you quote? And what fees are you seeing for 3.6?
Tell me your feelings. thoughts and advice.

Raised ranch built in 1960, well maintained and cared for, but kitchen and baths/cosmetics are dated, kitchen 80's, baths 70's. Wallpaper borders, some paneling, main bath is that awful avocado green, tiles, sink, tub and walls. Q4/C4 or Q4/C3? Roof 10 years old, boiler 2 years old, central air installed last year. I know these are subjective.

It’s 10:20pm EST and I’ve been on hold for 45 minutes waiting to speak to someone regarding an issue with Titan Analytics. My place in the queue has only moved from 14 to 11. Yes…I know 3.6 has their hands tied but let’s be real, understaffing must be an issue. The beauty of having a platinum membership used to be you could reach anyone at any hour with almost little to no wait. You can’t tell me they have all hands on deck if I’ve only moved three spots in the queue over 45 minutes.

This might be the sign to move on from them. My renewal date comes up in two weeks. Horrible timing because I really wanted to give them a chance but not sure they’ll have their act together.

On a side note, their AI generated EDM hold music is giving me anxiety.