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Tim Wilmath | The $2,500 Appraisal Problem

๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—ฎ๐—ฝ๐—ฝ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฎ๐—น ๐—ณ๐—ฒ๐—ฒ ๐—บ๐—ฎ๐˜† ๐—ฏ๐—ฒ ๐˜€๐—ฎ๐˜†๐—ถ๐—ป๐—ด ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐˜๐—ต๐—ฎ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฑ๐—ผ๐—ฒ๐˜€.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. Timโ€™s career shows what can happen when we keep developing our expertise instead of letting the market define our value. He moved fromโ€ฆ

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