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Faster Appraisals

Technology has changed over the years and there have been many developments in technology and e-commerce that have improved turnaround times on appraisal assignments. We're taking advantage of them. Are you taking advantage of every opportunity you have to speed up the process? Here are some helpful suggestions.

Are you ordering appraisals online? With online ordering, you get automatic e-mail acknowledgements that the assignment was received, fast and secure. It's the single biggest time saver available to both of us! Utilization of our e-Trac Office Manager gives our clients complete access to the order, track status, order file inquiries, and reports on receivables/payables, and the ability to contact our office with the click of a mouse from the order on their screens. In addition, clients can receive instant notification on any jobs in progress, giving them automatic assessment of outstanding orders.

Are you providing complete and accurate information about the subject property? There's nothing like being one number off on the street address to add unnecessary time to an appraisal assignment. 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 - though be advised that professional appraisers must always do their own due diligence on comparable sales, and ours might differ from yours.

Are you letting us know up front any details about the property that might make it unique? Cookie-cutter homes are relatively easy to appraise. What takes time is analyzing how unique features contribute to or detract from what otherwise would be a property's market value. Let us know up front, when you order the appraisal, if there are unique features to the home or surrounding area - for example, it's had a recent addition, it's subject to zoning restrictions, it's prone to flooding. These are things we'll find out on our own anyway, and knowing them as soon as possible makes your report arrive that much 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 setting an appointment with the occupants of the home. Some homeowners are understandably uncomfortable with the fact a stranger wants to come in their house and look around and make notes. Some think they have to make the place spotless before the appraiser comes by, thinking that will make the house appraise higher. So they put off the appointment until they can get around to cleaning.

Hearing from you - someone they've been working with on their loan - explain a little bit about the appraisal process, who we are, and especially that dusting and polishing won't make it more likely their loan will close; this can go a long way toward minimizing the time it takes to inspect a home. Please feel free to point them to our website or you can download and print a copy of the Appraisal Process. Encourage them to call us if they want to familiarize themselves with our staff and services; and tell them it's in their interest to set the appointment as quickly as possible!

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Priority Appraisal, LLC

21001 N. Tatum Blvd., Ste. 1630-604 . Phoenix . AZ . 85050

appraisals@priority-appraisal-llc.com

Tel:(480) 513-9161  .  Fax: (480) 419-6110

 

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