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10 Things You Can Do While Waiting For Your Next Appraisal Assignment

by Administrator on Mar 28, 2014 Business Operation 930 Views

I recently read an online article about things you can do as an appraiser when there is a business slowdown and I had a few ideas of my own.  There may be a couple of similar suggestions in the following paragraphs, and the items that I have listed may seem obvious, but they are meant to be helpful.

1.  Take Your Continuing Education courses online or schedule them locally and get them out of the way.  It's better to get your USPAP and other necessary courses behind you it's harder when you are busy.

2.  Write an article on an appraisal topic.  Publish it on the Ezine articles site or here on appraisalarticles.com or publish it on your own webpage.

3.  Update your computer and appraisal software, update your qualifications page and update your qualifications page.  It's not always possible to keep up with changes when you are busy, but during slow periods you get your chance.

4.  Update your internet site and get some new graphics and pages on it.  If you have added services, changed you fees or changed your business address, you now have the time to get that important information on your site.  No site?  What better time to put one up?

5.  Contact your past clients with direct email ads, even if you think you lost them.  It costs almost nothing and you may actually get their attention and some business from them again.  You can also take some time to contact specific groups like accountants with marketing brochures or simply with a letter and a card.

6.  Shop around for an E & O insurance provider and check everyone's rates.  The push is on to increase rates and if you want to stay in business you need to know who is providing the best coverage at the best rate.

7.  Take the time to send a letter to your state representative, if BPO's are allowed in your state, and tell him or her why this service when provided by real estate agents confuses the public, why appraisers are better qualified to form value opinions than agents and why unregulated agents biased and motivated to "make deals happen" can potentially destroy real estate markets.  BPO's are likely part of the reason why your business is slow if you are a residential appraiser.

8.  Take some time to adopt new automation, be it using a computer based accounting program, learning to use a data collection app or buying and using a digital camera with Bluetooth and GPS. 

9.  Consider broadening your service area or moving into specialty appraisal areas.  If you are close to another state or another large metropolitan area you can obtain the licensing that you need or take time to gain the expertise that you need to offer new services.  Business appraisals are expected to become a focus over the next few years, now is a great time to move in that direction.

10.  If you feel that you can survive the “great globalization reset,” the “structural solvency crisis” or whatever it is that is headed our way then don’t worry about preparations, but if you are concerned about having other opportunities if the real estate appraisal business heads south you can consider some education in an area that will survive.    

For more appraisal information contact Glenn Rigdon MA, MRICS, ASA is a Las Vegas / Henderson Nevada appraiser who can be contacted via email or via his business website Appraiser Las Vegas  (http://www.appraiserlasvegas.com), or you can also click on “Contact Us” on the home page of this website or visit my public profile at LinkedIn at http://www.linkedin.com/pub/glenn-rigdon-ma-mrics-asa/1a/30b/879/

Article source: http://www.appraisalarticles.com/General-Appraisal-Articles/General-Appraisal-Articles/Business-Operation//4434-10-Things-You-Can-Do-While-Waiting-For-Your-Next-Appraisal-Assignment.html

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