A Few Hints for Swifter Turn Times

The appraisal profession is evolving continuously. Regularly, it seems, appraisers are asked to provide extra information or have steps added to their research. All to guarantee the end user is presented with the best information available. To keep up with the continuously changing requirements, Race Appraisal Services, LLC is always researching new tools and improving processes to increase efficiency so we can do more work for you. At Race Appraisal Services, LLC we know that time is important to everybody, so we've listed some tips you can do to lessen turn times on any appraisals ordered from Race Appraisal Services, LLC.

Are you ordering appraisals online?
By ordering online, you get automatic e-mail acknowledgements 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 nor will you wonder whether the order was received.
Complete and accurate subject property information is crucial.
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 sales from the area is welcome — though be advised that professional appraisers are lawfully required to do their own due diligence on comparable sales, and ours may differ from yours.

If you have any questions about your property or a job we're working on for you, feel free to contact us

Are you telling us up front any characteristics of the property that might make it unique?
Cookie-cutter houses are relatively easy to appraise. 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. When you order your report, let us know if there are unique characteristics of the home or surrounding area -- for example, it's recently had an addition constructed, it's subject to zoning restrictions, it's predisposed to flooding. While these are things that we will find out on our own, knowing them early on makes your report arrive faster.
Be sure the homeowner knows the the plan.
One of the most time consuming steps of the appraisal process is setting an appointment with the current homeowner. We understand that a homeowner may be apprehensive with an outsider inspecting every corner of their home, taking pictures, and making numerous notes. A common belief is that they should make the place spotless before the appraisal inspection, with the belief that will increase the appraised value. And will choose to not schedule the appraisal inspection until it is cleaned.

Coming directly from you -- a 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 go a long way toward trimming the time it takes to inspect a home. I encourage you to point them to our website, where we have many pages of useful information for homeowners as well as others about the appraisal process. They can even call us if they want to familiarize themselves with the staff and our services. Remind them it benefits them to set the appointment promptly!
Why not our website as a resource to verify the status of your report?
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. There's no faster or easier way to keep track of the status of your report.

Got a Question?

Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Information
Question