Tru Red
Senior Member
- Joined
- May 6, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
You can fix stupid, but it's not easy.
A reprint of my post from another blog. An appraiser wrote they spent 45 seconds looking up comparable's, 12 minutes at the property and typically had (2) complete appraisal reports completed before 12 pm each day.
Thank you for all the comments. My primary point for this post was to open all appraisers minds when they are commenting anywhere on how long the process takes. I realise technology can make it quicker with laser measuring, form filling software, etc. It is my belief that we, as appraisers owe a complete amount of due diligence and a thorough inspection of each property we are assigned. That includes knowing more than just the property being appraised but the neighborhood, the comparable's neighborhood and possible influences within those neighborhoods. If an appraiser simply wants to "knock out" 3 or 4 appraisals per day....it seems there is little pride being taken with their work. In 2019 everyone wants everything faster, quicker, cheaper. For me, writing a complete, quality and thoughtful report that will stand up in court remains important. Of course I want to get the work done quickly......but quality must also matter. Suggesting to anyone, anywhere, on any platform that you can complete most appraisal reports in an hour or two does none of us any good. Lenders or AMC's are not going to pay us our worth (our worth is our education, knowledge, expertise, experience, etc) when they think........ if they offer us $230 for an appraisal report that equated to $115 per hour when the decision maker is probably earning $20/hour. PLEASE.....think before you speak anywhere.
A reprint of my post from another blog. An appraiser wrote they spent 45 seconds looking up comparable's, 12 minutes at the property and typically had (2) complete appraisal reports completed before 12 pm each day.
Thank you for all the comments. My primary point for this post was to open all appraisers minds when they are commenting anywhere on how long the process takes. I realise technology can make it quicker with laser measuring, form filling software, etc. It is my belief that we, as appraisers owe a complete amount of due diligence and a thorough inspection of each property we are assigned. That includes knowing more than just the property being appraised but the neighborhood, the comparable's neighborhood and possible influences within those neighborhoods. If an appraiser simply wants to "knock out" 3 or 4 appraisals per day....it seems there is little pride being taken with their work. In 2019 everyone wants everything faster, quicker, cheaper. For me, writing a complete, quality and thoughtful report that will stand up in court remains important. Of course I want to get the work done quickly......but quality must also matter. Suggesting to anyone, anywhere, on any platform that you can complete most appraisal reports in an hour or two does none of us any good. Lenders or AMC's are not going to pay us our worth (our worth is our education, knowledge, expertise, experience, etc) when they think........ if they offer us $230 for an appraisal report that equated to $115 per hour when the decision maker is probably earning $20/hour. PLEASE.....think before you speak anywhere.
