A Few Suggestions for Shorter Turn Times
Appraising is a constantly changing profession. On a regular basis, it seems, appraisers are asked to present more information or have steps added to their appraisal process. All to ensure their client has the best data to be had. In order to stay current with the continuously changing requirements, WalshStreet Appraisals is constantly acquiring additional tools and tweaking processes to increase efficiency so we can do more work for more effectively. Since WalshStreet Appraisals knows that time is important to everyone, below are some tips you can do to speed up the process on any appraisals ordered with WalshStreet Appraisals.
- Always order your appraisals online.
- When you order online, you automatically receive e-mail notifications that the assignment was received, and fast, secure .PDF format report delivery. This is the single biggest time saver available to both of us! We don't have to retype information from a fax, and you don't have to wonder whether we got the order.
- Are you providing complete and accurate data about the subject property?
- Having just one number incorrect on the street address can really add unnecessary time to an appraisal assignment. Unique identifiers like a tax parcel number, plat map number, or subdivision name is great information to pass long with your request. We even welcome lists of recent sales from the area — remember, however, that professional appraisers are lawfully required to do their own due diligence on comparable sales, and ours may differ from yours.
You're always welcome to call us at if you have any questions about your property or an appraisal 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 elements unique to a property contribute to or detract from what otherwise would be a property's market value. At the time you order your report, be sure to let us know if there are unique details of the home or surrounding area -- for example, it's recently had an addition built on, it's subject to zoning restrictions, it's predisposed to flooding. These are things we'd find out on our own anyway, and knowing them sooner is likely to make your report arrive quicker.
- Set proper expectations with the occupants.
- Setting an inspection time and date with the homeowner can be one of the most tedious parts in the appraisal process. It's understandable for a homeowner to be uneasy with an outsider inspecting every square foot of their home, taking photos, and making abundant notes. One common belief is that they ought to make the place spotless before the appraiser comes by, believing that will increase the value. So they reschedule the appraisal inspection until the house is cleaned.
Coming from you -- the person they have been 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 decrease the appraisal inspection time. Our website has numerous pages of helpful information about the appraisal process for homeowners. I encourage you to share it with your customers. Have them call us if they want to familiarize themselves with our staff and services. Remind them it benefits them to set the appointment promptly!
- Use our website to follow your report's status.
- No more phone and fax tag. Up-to-the-minute status updates are available online, anytime, 24/7. As we complete each important milestone in an assignment, that information can be viewed instantly online. It's never been easier to track the status of your report.