5 Tips for Swifter Turn Times
The appraisal profession is evolving at all times. Each year, it seems, appraisers are asked to present extra information or have steps added to their research. All of this is to ensure the end user receives the best data possible. In order to keep up with the always changing requirements, Personal Service Realty's Residential Valuation Group is constantly acquiring new tools and improving processes in order to increase efficiency so we can do more work for quickly. Since Personal Service Realty's Residential Valuation Group knows that time is important to everyone, here are some items you can do to speed up the process every time you order an appraisal from Personal Service Realty's Residential Valuation Group.
- Order your appraisals on the Internet.
- With online ordering, you get automatic e-mail notifications that the order was received, and fast, secure .PDF format report delivery. Online ordering is the single biggest time saver available to both of us! No longer do we have to manually enter information from a fax, and you don't have to wonder whether we received the order.
- Make sure that the subject property information is accurate and complete.
- Having just one number incorrect on the street address can really unnecessarily delay an appraisal assignment. Unique identifiers like a tax parcel number, plat map number, or subdivision name is helpful information to include with the request. We even welcome lists of recent sales in the area — remember, however, that professional appraisers are lawfully required to do their own due diligence on comparable sales, and ours might 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 call us at
- Are you letting us know up front any details of the property that might make it unique?
- Cookie-cutter homes are relatively easy to appraise. What takes time is analyzing how details unique to a property contribute to or detract from what otherwise would be a property's market value. Let us know up front when ordering your report if there are unique details of the home or surrounding area -- for example, it's recently had an addition put on, it's subject to zoning restrictions, it's susceptible to flooding. While these are things that we would find out on our own, knowing them sooner will likely make your report arrive earlier.
- Are you making the homeowner of the home aware of what to expect?
- One of the most tedious parts of the appraisal process is setting an inspection date with the occupants of the home. Many homeowners are understandably apprehensive with the thought a stranger wants to come in their house, look around, and take lots of notes. One common belief is that they should make the place spotless before the appraiser comes by, having the thought that will increase the appraised value. And will reschedule the appointment until they can get around to cleaning.
Hearing from you -- the person they've been working with on their loan -- some knowledge about the appraisal process, who we are, and especially that dusting and polishing won't increase their home's value one little bit, and likely decrease the appraisal inspection time. Our website has several pages of helpful information about the appraisal process for homeowners. I encourage you to share it with your customers. They can even call us if they want to become familiar with our staff and services. Remind them it benefits them to set the appointment quickly!
- Our website is a great resource for following the status of your report.
- Why are you still playing phone and fax tag when our website offers 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. There's no faster way to keep track of the status of your report.