Lake Lanier Blog

Usual & Customary Fees for Appraisers are posted. Appraisers need to stand firm with AMC's
February 19th, 2011 8:34 AM

The survey of over 10,000 appraisers nationwide is in and for Georgia, the Reasonable and Customary Fees for various reports can be found by clicking the link below.

The Dodd Frank Bill has stated that lenders and AMC's appraisal management companies need to start paying appraisers usual and customary fees. Whether they will abide by this is up to all appraisers to stand firm and refuse to do work for any less.

I am a FIRM believer you get what you pay for in this world and no matter what your profession if you are being paid cut rates for your services, something has gotta give and that may be quality!

With everything that the appraiser is responsible for when the SIGN their reports, these fees are WELL within reason. It is not a simple job these day to prepare a quality appraisal report. You need expertise in your neighborhood or property type in order to get a quality appraisal report.

In a nutshell a typical conventional appraisal report on average will cost your $350.00. Your lender or AMC may charge you more. AMC's typically charge you anywhere from $50.00 to $100.00 more than they pay the appraiser and they must disclose their fees to you!

For and FHA appraisal, the typical fee will run you from $400.00 to $450.00 in Georgia.

For more cities and information in GA, click the link below.

Posted in:General
Posted by Mary Thompson on February 19th, 2011 8:34 AMPost a Comment

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