Five Hints for Faster Turn Times
Appraising is a constantly changing profession. Commonly, it seems, appraisers are asked to supply more information or have steps added to their appraisal process. All to guarantee the end user gets the best information available. In order to stay current with the always changing requirements, WalshStreet Appraisals is constantly acquiring new tools and improving processes to increase efficiency so we can do more work for more efficiently. Since WalshStreet Appraisals knows that time is important to everyone, we've listed some tips you can do to reduce turn times on any appraisals ordered from WalshStreet Appraisals.
- Are you ordering appraisals online?
- With online ordering, you automatically receive e-mail acknowledgements that the assignment was received, and fast, secure .PDF format report delivery. This tip alone will save the most time! We don't have to retype information from a fax, and you don't have to wonder whether the order was received.
- Make sure that the subject property data is accurate and complete.
- Being just one number off on the street address can really unnecessarily slow down an appraisal assignment. Unique identifiers like a tax parcel number, plat map number, or subdivision name is great information to pass long with your assignment. Even a list of recent sales in the area is welcome — remember, however, that professional appraisers must always do their own due diligence on comparable sales, and ours may differ from yours.
If you have any questions about your property or an appraisal we're working on for you, you're always welcome to contact us
- Be sure to tell us about the property's distinct characteristics.
- It's relatively easy to appraise a cookie-cutter house. Most of an appraiser's time is spent analyzing how differing features add to or detract from what otherwise would be a property's market value. Let us know up front when you order your report if there are unique features of the home or surrounding area -- for example, it's recently had an addition built on, it's subject to zoning restrictions, it's susceptible to flooding. While these are things that we'd find out on our own, knowing them as soon as possible makes your report arrive faster.
- Let the homeowner know what to expect.
- Setting an appointment with the homeowner can be one of the most time consuming steps in the appraisal process. It's understandable for a homeowner to be uncomfortable with a stranger inspecting every corner of their home, taking pictures, and making abundant notes. One common belief is that they need to make the place spotless before the appraisal inspection, having the thought that will increase the appraised value. And will reschedule the appraisal inspection until they can get around to cleaning.
Coming directly from you -- someone they are working with on their loan -- a little knowledge about the appraisal process, who we are, and especially that dusting and polishing won't make it more likely their sale will close, and can go a long way toward trimming the time it takes to inspect a home. I encourage you to point your customers to this website, where we have multiple pages of relevant information for homeowners as well as others about the appraisal process. Encourage them to call us if they want to meet our staff and learn more about our services. And tell them it's to their benefit to set the appointment as quickly as possible!
- Easily keep tabs on the status of your report on our website.
- Phone and fax tag are a thing of the past with up-to-the-minute status updates available online, anytime, 24/7. As each important milestone in an assignment is completed, that information is available instantly to you online. It's never been easier to keep track of the status of your report.