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Tim Wilmath | The $2,500 Appraisal Problem
๐ฌ๐ผ๐๐ฟ ๐ฎ๐ฝ๐ฝ๐ฟ๐ฎ๐ถ๐๐ฎ๐น ๐ณ๐ฒ๐ฒ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐๐ฎ๐๐ถ๐ป๐ด ๐บ๐ผ๐ฟ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ผ๐๐ฟ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐๐ต๐ฎ๐ป ๐๐ผ๐๐ฟ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฑ๐ผ๐ฒ๐.Tim Wilmath joins Appraisers on Purpose to ask a question our profession cannot afford to ignore: Why are appraisers still completing complex assignments for fees that have barely changed in decades? Tim describes seeing a current engagement letter for a shopping center appraisal priced at $2,500 and wondering how the profession got here.But this conversation goes well beyond fees. Timโs career shows what can happen when we keep developing our expertise instead of letting the market define our value. He moved fromโฆ
The skinny
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