A Few Tips for Faster Turn Times
The appraisal profession is always evolving. Each year, it seems, appraisers are asked to offer more information or have steps added to their research. They do this additional work to ensure their client has the best data available. To keep up with the always changing requirements, Race Appraisal Services, LLC is continuously testing additional tools and improving processes in order to increase efficiency so we can do more work for faster. Since Race Appraisal Services, LLC knows that time is important to everyone, here are some tips you can do to decrease turn times when you order an appraisal with Race Appraisal Services, LLC.
- Are you ordering appraisals online?
- When you order online, you receive automatic e-mail acknowledgements that the order was received, and fast, secure .PDF format report delivery. This tip single-handedly will save the most time! No longer do we have to retype information from a fax, and nor will you wonder whether we received the request.
- Are you providing complete and accurate information about the subject property?
- Having just one number incorrect on the street address can really unnecessarily slow down 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. We even welcome lists of recent sales in the area — remember, however, that professional appraisers must always do their own due diligence on comparable sales, and ours may be different from yours.
If you have any questions about your property or a job we're working on for you, don't hesitate to contact us
- Be sure to let us know about the unique details of this property.
- Cookie-cutter houses are relatively easy to appraise. What takes time is analyzing how differing characteristics 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 had a recent addition constructed, it's subject to zoning restrictions, it's predisposed 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 earlier.
- Set proper expectations with the occupants.
- One of the most time consuming parts of the appraisal process is setting an inspection date with the homeowner. Many homeowners are clearly uneasy with the notion an outsider wants to come in their home, look around, and take copious notes. Believing that it will make the house appraise higher, a few homeowners feel they need to make the place spotless before the inspection. And will reschedule the inspection until they can get around to cleaning.
Hearing it directly from you -- someone they are working with on their loan -- a little 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 appraisal inspection time. Our website has multiple pages of helpful information about the appraisal process for homeowners. I encourage you to share it with your clients. They can even call us if they want to meet our staff and learn more about our services. And tell them it's in their interest to set the appointment quickly!
- Easily verify the status of your report on our website.
- 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 the status of your report.