ablackburn
Freshman Member
- Joined
- Nov 17, 2009
- Professional Status
- Certified Residential Appraiser
- State
- California
Glad you guys watched the video. I kept telling the people at Bradford Technologies that I have a face made for radio only....
I hope I can clear up a couple of things and put the video in better context.
It would help if you knew a little about me.
I have been appraising in the same area since 1986. I am part owner of an AMC. I am an early adopter and proponent of technologies of all kinds. I am a huge believer in efficiency. Even saving 5 minutes per file ends up being nearly 2 days saved per year. If you can do 2 appraisals a day at +-$325/file, that can pay for your Starbucks runs for the entire year!
1. The purpose of the video is not to show how fast I can get an appraisal done and out the door. The purpose is to showcase the great tools that Bradford Technologies has in their ClickForms software. I talk to appraisers every day all over CA. One of our appraisers in San Jose still uses a small wheel to measure and uses none of the tools Bradford has. I talk to appraisers all the time that do not use iPads. I surveyed our appraisers about 6 months ago and only half use a laser. All of these tools are very easy to use. You just have to take the time to learn them.
2. Does every appraisal I do take less than an hour? No. Of course not. Those are the slam dunks. We have many of those here in the Bay Area.
3. Verification of sales? Of course I do. Every sale is checked using DataExpress from FNC, which shows their sales history with 1 click. MLS shows the listing/sales history of each property with 1 click. When I can an agent for clarification, they normally answer their phone. That's how agents make money, by answering their phones.
4. Original photos of comps. Yup....I get those. That's why I run all my MLS BEFORE I inspect the property. I also print out a map with all my comps on it. The MLS systems I use generate maps with optimized driving directions for the shortest route from house to house.
5. Accuracy of the MLS. In general, the systems we have here in NorCA are very reliable. I just finished an appraisal and the vast majority of the comparables had at least 10 photos and several had 20+. There is no incentive for Realtors to put bogus info in the MLS. If they do that here in CA, they get sued. It's not worth it to them to hide things or make a dump sound like the Taj Mahal.
6. Fluffed reports....Only Chase requires Aerial Photos and a farm list of comparables and 6 sales. FNMA doesn't require that stuff. Neither does FHA. Most clients don't. (Unless you feel you need to demonstrate something). When you do all of those things, which adds an extra 10 minutes to every report, you are adding nearly 3.5 days of work every year. Know your clients and their requirements. Most clients require 5 comparables. Some 4. None require the farm lists or aerial view. Those are workfile items. Don't add comparables just to satisfy a lender requirement, if the comparables are not COMPARABLE. I see appraisers do this all theme. Why would you waste our time and give a client a false sense of security by putting non relevant comparables in an appraisal, just to satisfy what an U/W wants?
7. Where I am located. I am not located in North Dakota, regularly doing appraisals on sections of land and where the sales are way over yonder and I have to go to the courthouse to confirm. The majority of work we do is reasonably non-complex, with lots of data. Nice to live in a "Cookie Cutter" area? Sure it is. Just remember I pay for that privilege. The Median Sale Price in my county is just north of $450K, for a basic 3/2, 1400 sf home. Yes, I track this and more stuff on a monthly basis and post it on our web site. You can see it here: http://www.goapple.com/Home Price Stats.htm
8. What does all this mean? It means use the technology that is at our fingertips to do your job better, and yes, faster. There is nothing wrong with being faster. DO you really think I am going to be at that median 1,400 sf home for an hour when I have a laser, digital camera, iPad and voice recording and typing software? Appraiser's are famous for doing things they way we have always done them. Same old adjustments. Same old techniques. Same old tools. Same old, Same old. The world does not work that way anymore. Trust me, You DON'T do a better appraisal by taking an hour to inspect the average home. You just take more time.
It's easy to get ahold of me and several appraisers have, after viewing the video. I am always open to chatting about not only how to do our jobs faster, but better. If you are in this forum, you likely use Clickforms. I urge you to take advantage of their onboard tools to make you a more efficient, and dare I say it, a more profitable Appraiser.
I hope I can clear up a couple of things and put the video in better context.
It would help if you knew a little about me.
I have been appraising in the same area since 1986. I am part owner of an AMC. I am an early adopter and proponent of technologies of all kinds. I am a huge believer in efficiency. Even saving 5 minutes per file ends up being nearly 2 days saved per year. If you can do 2 appraisals a day at +-$325/file, that can pay for your Starbucks runs for the entire year!
1. The purpose of the video is not to show how fast I can get an appraisal done and out the door. The purpose is to showcase the great tools that Bradford Technologies has in their ClickForms software. I talk to appraisers every day all over CA. One of our appraisers in San Jose still uses a small wheel to measure and uses none of the tools Bradford has. I talk to appraisers all the time that do not use iPads. I surveyed our appraisers about 6 months ago and only half use a laser. All of these tools are very easy to use. You just have to take the time to learn them.
2. Does every appraisal I do take less than an hour? No. Of course not. Those are the slam dunks. We have many of those here in the Bay Area.
3. Verification of sales? Of course I do. Every sale is checked using DataExpress from FNC, which shows their sales history with 1 click. MLS shows the listing/sales history of each property with 1 click. When I can an agent for clarification, they normally answer their phone. That's how agents make money, by answering their phones.
4. Original photos of comps. Yup....I get those. That's why I run all my MLS BEFORE I inspect the property. I also print out a map with all my comps on it. The MLS systems I use generate maps with optimized driving directions for the shortest route from house to house.
5. Accuracy of the MLS. In general, the systems we have here in NorCA are very reliable. I just finished an appraisal and the vast majority of the comparables had at least 10 photos and several had 20+. There is no incentive for Realtors to put bogus info in the MLS. If they do that here in CA, they get sued. It's not worth it to them to hide things or make a dump sound like the Taj Mahal.
6. Fluffed reports....Only Chase requires Aerial Photos and a farm list of comparables and 6 sales. FNMA doesn't require that stuff. Neither does FHA. Most clients don't. (Unless you feel you need to demonstrate something). When you do all of those things, which adds an extra 10 minutes to every report, you are adding nearly 3.5 days of work every year. Know your clients and their requirements. Most clients require 5 comparables. Some 4. None require the farm lists or aerial view. Those are workfile items. Don't add comparables just to satisfy a lender requirement, if the comparables are not COMPARABLE. I see appraisers do this all theme. Why would you waste our time and give a client a false sense of security by putting non relevant comparables in an appraisal, just to satisfy what an U/W wants?
7. Where I am located. I am not located in North Dakota, regularly doing appraisals on sections of land and where the sales are way over yonder and I have to go to the courthouse to confirm. The majority of work we do is reasonably non-complex, with lots of data. Nice to live in a "Cookie Cutter" area? Sure it is. Just remember I pay for that privilege. The Median Sale Price in my county is just north of $450K, for a basic 3/2, 1400 sf home. Yes, I track this and more stuff on a monthly basis and post it on our web site. You can see it here: http://www.goapple.com/Home Price Stats.htm
8. What does all this mean? It means use the technology that is at our fingertips to do your job better, and yes, faster. There is nothing wrong with being faster. DO you really think I am going to be at that median 1,400 sf home for an hour when I have a laser, digital camera, iPad and voice recording and typing software? Appraiser's are famous for doing things they way we have always done them. Same old adjustments. Same old techniques. Same old tools. Same old, Same old. The world does not work that way anymore. Trust me, You DON'T do a better appraisal by taking an hour to inspect the average home. You just take more time.
It's easy to get ahold of me and several appraisers have, after viewing the video. I am always open to chatting about not only how to do our jobs faster, but better. If you are in this forum, you likely use Clickforms. I urge you to take advantage of their onboard tools to make you a more efficient, and dare I say it, a more profitable Appraiser.