Five Tips for Shorter Turn Times
The appraisal profession is evolving constantly. Each year, it seems, appraisers are asked to present extra information or have steps added to their process. All to ensure their client receives the best data possible. To stay current with the continuously changing requirements, O'Neil & Company Appraisal Service is continuously acquiring additional tools and improving processes in order to increase efficiency so we can do more work for you. We know that time is important to everybody, so here are a few tips you can do to speed up the process whenever you order an appraisal with O'Neil & Company Appraisal Service.
- Order your appraisals on the Internet.
- With online ordering, you automatically get e-mail acknowledgements 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 nor will you wonder whether the order was received.
- Complete and accurate subject property data is essential.
- Having just one number incorrect on the street address can really unnecessarily delay an appraisal assignment. Unique identifiers like a tax parcel number, plat map number, or subdivision name is great information to pass long with the assignment. 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 might differ from yours.
If you have any questions about your property or an appraisal we're working on for you, you're always welcome to contact us
- Are you telling us up front any details of the property that might make it distinct?
- It's relatively easy to appraise a cookie-cutter home. What takes time is analyzing how unique features add 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 details of the home or surrounding area -- for example, it's recently had an addition constructed, 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 early on will likely make your report arrive earlier.
- Set proper expectations with the homeowner.
- One of the most inefficient tasks of the appraisal process is setting an appointment with the homeowner. It's understandable for a homeowner to be uncomfortable with a stranger inspecting every square foot of their home, taking photos, and making copious notes. Some think they must make the place spotless before the inspection, thinking that will make the house appraise for more money. And will put off the appointment until it is cleaned.
Coming directly from you -- a person they are working with on their loan -- a short explanation 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 shorten 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. Tell them to call us if they want to familiarize themselves with the staff and our services. Remind them it benefits them to set the appointment as soon as possible!
- Our website is a great resource for verifying 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 is instantly available to you online. It's never been easier to track the status of your report.