5 Tips for Quicker Turn Times
The appraisal profession is constantly evolving. Regularly, it seems, appraisers are asked to supply additional information or have steps added to their appraisal process. All to guarantee their client gets the best information possible. In order to stay current with the constantly changing requirements, REID E. CHOATE & ASSOCIATES, LLC is always testing additional tools and improving processes in order to increase efficiency so we can do more work for you. Since REID E. CHOATE & ASSOCIATES, LLC knows that time is important to everyone, here are a handful of tips you can do to lower turn times on any appraisals you order from REID E. CHOATE & ASSOCIATES, LLC.
- Are you ordering appraisals online?
- With online ordering, you receive automatic e-mail confirmations that the request was received, and fast, secure .PDF format report delivery. This tip alone will save the most time! No longer do we have to re-key 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?
- There's nothing like being one number off on the street address to add unnecessary time to an appraisal assignment. And if you have a tax parcel number, plat map number, subdivision name or anything else that uniquely identifies the property, please pass it along. Even a list of recent area sales is welcome — remember, however, that professional appraisers must always do their own due diligence on comparable sales, and ours may be different from yours.
Feel free to contact us if you have any questions about your property or an appraisal we're working on for you.
- Are you telling us up front any features of the property that might make it distinct?
- Cookie-cutter homes are relatively easy to appraise. Most of an appraiser's time is spent analyzing how unique details add to or detract from what otherwise would be a property's market value. When ordering your report, let us know if there are unique details of the home or surrounding area -- for example, it's recently had an addition constructed, 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 is likely to make your report arrive sooner.
- Are you making the occupants of the home aware of what to expect?
- One of the most time consuming parts of the appraisal process is confirming an inspection date with the homeowner. It's understandable for a homeowner to be uncomfortable with an unknown person looking in 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 appraisal inspection, having the thought that will increase the value. And will delay the inspection until they have cleaned.
Coming directly from you -- a person they are 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 can decrease the appraisal inspection time. Our website has lots of pages of relevant information about the appraisal process for homeowners. I encourage you to share it with your customers. Encourage them to call us if they want to meet the staff and learn more about our services. And tell them it benefits them to set the appointment quickly!
- Our website is a great resource for tracking 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 we complete each important milestone in an assignment, that information can be viewed instantly online. It's never been easier to track your report's status.