Have you lost your enthusiasm for our valuation industry? Do you feel disconnected and uninspired?
My conversation with Eric Enloe, MAI, CRE, FRICS - Partner Valuation Advisors.
Eric's insights:
• Valuation industry is winning at appraisers getting more specialized
• We have met the market and there has been a client-demanded shift
• There’s work to be done getting young people in our industry
• Valuation provides valuable background and fun
• No better opportunity with valuation since it offers varied disciplines
• Build the exposure of our industry
• Lots of room for improving report formats, present data better
• Better reports can provide appeal to a broader market
• AI will have an impact on our industry
• The number of appraisers may shrink with technology efficiency and productivity will go up and so should compensation
• We need to: get more connected with the market
• The “desk appraiser” meets scope of the engagement letter but not connected to the market
• The appraiser “checks the boxes” but doesn’t talk to market participants
• Follow-up with clients, ask them about your report quality (lack of a phone call doesn’t mean you did a great job)
• Get connected with your clients
• Change the perception of our industry as professionals – work to be done
• Evolving market – people make decisions based on our appraisals
• 10-year Treasury – is that being talked about in appraisals
• Reputationally there’s work to be done
• How does subject fit in the market
• Number of Tweets, a development feasibility story
Let’s start this conversation. Just call my cell 813-230-3798 or e-mail me Jeff@realwired.com.
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