Wednesday, August 19, 2009

HVCC changes

HVCC has been tough on a lot of appraisers. I, personally, lost a large chunk of my client base because of HVCC regulations. So now, I must say, if I had diversified my client base I would not have been hit so hard. Yes, diversity is good, and the change brought about by HVCC is proof positive. It reminds me of a time in 1997 when I tried to diversify by starting a garbage business. We purchased a new truck and went to work. Nothing is more stable than garbage… Right? That year we were running our still small route and realized that we had not properly fastened the compartment that held the compacted garbage. As we added garbage, the big back door started to push open, little by little, and we could not get it closed again. Disaster was eminent, and some poor guy was about to have a truckload of garbage dumped in the street in front of his home. My old boy Scout training kicked in and I got a roll of duct tape and a blue plastic tarp. We taped the tarp in place and wired the door so that it wouldn't open any more. As we headed to the dump we laughed all the way imagining what would happen if we dumped garbage on the freeway. Then, there would be news helicopters flying overhead showing video of our mess. I am happy to say that we made it to the dump and never had that problem again. Diversifying our business is tough. Changes causes problems: some unforeseen, others due to a lack of experience. HVCC is a fact, and some of us are slow to change our business practices, but change we must. Business is out there. We just need to find it.

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