5 Steps to Quicker Turn Times
The appraisal profession is continuously evolving. Often, it seems, appraisers are asked to present extra information or have steps added to their research. All to ensure the end user gets the best data to be had. To stay current with the always changing requirements, REID E. CHOATE & ASSOCIATES, LLC is always testing new tools and improving processes to increase efficiency so we can do more work for our clients. Since REID E. CHOATE & ASSOCIATES, LLC knows that time is important to everyone, below are some items you can do to lessen turn times on any appraisals you order with REID E. CHOATE & ASSOCIATES, LLC.
- Are you ordering appraisals online?
- When you order online, you automatically get e-mail acknowledgements that the assignment was received, and fast, secure .PDF format report delivery. This tip alone will save the most time! No longer do we have to retype information from a fax, and nor will you wonder whether the order was received.
- 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. 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 sales from the area is welcome — remember, however, that professional appraisers must always do their own due diligence on comparable sales, and ours might differ from yours.
If you have any questions about your property or a job we're working on for you, don't hesitate to call us at
- Be sure to let us know about the unique characteristics of this property.
- It's relatively easy to appraise a cookie-cutter home. What takes time is analyzing how features 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 features of the home or surrounding area -- for example, it's had a recent addition built on, it's subject to zoning restrictions, it's prone to flooding. While these are things that we would find out on our own, knowing them sooner makes your report arrive quicker.
- Let the homeowner know what to expect.
- Setting an appointment with the homeowner can be one of the most inefficient steps in the appraisal process. It's understandable for a homeowner to be uncomfortable with an outsider inspecting every square foot of their home, taking photos, and making lots of notes. With the notion that it will increase the appraised value, a few homeowners feel they need to make the place spotless before the appraisal inspection. So they choose to not schedule the inspection until it is cleaned.
Coming directly from you -- the person they've 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 can decrease the appraisal inspection time. I encourage you to point your customers to this website, where we have several pages of relevant information for homeowners and others about the appraisal process. They can even call us if they want to meet our staff and learn more about our services. Remind them it's to their advantage to set the appointment without delay!
- Our website is a great resource for tracking your report's status.
- 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 we complete each important milestone in an assignment, that information can be viewed instantly online. It's never been faster to keep track of your report's status.