Appraising in Delaware, the Blog...

Listen To Your Gut - How to Bid
August 12th, 2021 11:44 AM

Bidding in the appraisal world will be something that, for the foreseeable future, we will always be able to talk about and debate. It is something that you might not be 100% sure about and it can be tough to figure out the ballpark pricing that you want to use. You don’t want to go too low and not be paid what the job was worth but you don’t want to go too high and lose out on the job - especially if things are slow.

So what do we do? We listen to our gut. Obviously when times are slow and work is a bit more scarce we have to sometimes go on the lower end of things and when the market is moving and grooving we can increase our prices. But the question we always try to ask ourselves at our office is - how are we going to feel if this price gets approved? Are we going to wish we had asked for more because the job is more difficult than normal? Or are we going to get excited about it because we are getting paid what we deserve. 

Again, you have to be smart and use that brain but your gut will typically lead you in the right direction. Your gut knows your worth and when you have been in the business as long as we have you come to know your area and the work it will take to complete things. Know the market, know what you are worth and know how you want to spend your time. When you bring all those together you will typically end up happier with your work. And the best part? The more your listen to your gut the easier it gets! 

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Posted by Patricia Persia on August 12th, 2021 11:44 AMPost a Comment

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