Five Hints for Shorter Turn Times
The appraisal profession is always evolving. Commonly, it seems, appraisers are asked to offer more information or have steps added to their process. All to guarantee their client gets the best information available. To stay current with the continuously changing requirements, WalshStreet Appraisals is continuously seeking additional tools and tweaking processes to increase efficiency so we can do more work for you. Since WalshStreet Appraisals knows that time is important to everyone, below are some items you can do to lower turn times when you order an appraisal from WalshStreet Appraisals.
- Are you ordering appraisals online?
- When you order online, you get automatic e-mail acknowledgements that the order was received, and fast, secure .PDF format report delivery. This tip alone will save the most time! We don't have to manually enter information from a fax, and you don't have to wonder whether we received the order.
- Complete and accurate subject property information is essential.
- 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 are helpful data to pass long with the assignment. We even welcome lists of recent sales in the area — though be advised that professional appraisers are lawfully required to do their own due diligence on comparable sales, and ours may differ from yours.
Feel free to contact us if you have any questions about your property or an assignment we're working on for you.
- Are you letting us know up front any characteristics of the property that might make it unique?
- It's relatively easy to appraise a cookie-cutter home. Most of an appraiser's time is spent analyzing how features unique to a property contribute to or detract from what otherwise would be a property's market value. When you order your report, let us know if there are unique details of the home or surrounding area -- for example, it's had a recent addition constructed, it's subject to zoning restrictions, it's predisposed to flooding. These are things we will find out on our own anyway, and knowing them sooner makes your report arrive earlier.
- Set proper expectations with the occupants.
- Confirming an inspection time and date with the homeowner can be one of the most inefficient tasks in the appraisal process. We understand that a homeowner may be uncomfortable with a stranger inspecting every corner of their home, taking pictures, and making lots of notes. With the idea that it will increase the appraised value, a few homeowners believe they need to make the place spotless before the appraisal inspection. So they put off the inspection until the house is cleaned.
Coming from you -- a person they have been working with on their loan -- some information about the appraisal process, who we are, and especially that dusting and polishing won't make it more likely their sale will close, and likely shorten the time it takes to inspect a home. Please feel free to point your customers to this website, where we have several pages of helpful information for homeowners as well as others describing the appraisal process. Have them call us if they want to become familiar with our staff and services. And tell them it benefits them to set the appointment promptly!
- Our website is a great resource for following the status of your report.
- 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 your report's status.