How Do You Complete 2 Or More Appraisals Per Day?

[ockyappraiser]

What gets me is the categorical denial by many on these board that anyone doing fewer appraisals then they do are dishing out inferior reports. That is in esssence saying "my way is the MOST efficient way of doing appraisal reports". Appraisers seen to be the most resistant to any ideas on actually improving what they do as a business.

I can see the appraiser t shirts now. . . .photo of an appraiser with his clip board held high. . with the caption. . ."from my cold dead hands"!

 

[Eli]

What gets me is the categorical denial by many on these board that anyone doing fewer appraisals then they do are dishing out inferior reports. That is in esssence saying "my way is the MOST efficient way of doing appraisal reports". Appraisers seen to be the most resistant to any ideas on actually improving what they do as a business.

I can see the appraiser t shirts now. . . .photo of an appraiser with his clip board held high. . with the caption. . ."from my cold dead hands"!

I don't think that. What I think is stupid is to assume all markets are the same and all appraisers are the same. That is what gets to me. Somebody comes on this forum and says well I can do so much and everybody should be able to. That is an AMC mentality if I have ever heard one, and I don't like it.

 

[ockyappraiser]

The

I don't think that. What I think is stupid is to assume all markets are the same and all appraisers are the same. That is what gets to me. Somebody comes on this forum and says well I can do so much and everybody should be able to. That is an AMC mentality if I have ever heard one, and I don't like it.

Then we agree. As I stated, the primary factor is the market you ate in. That said...is there no way that appraisers can be better at the way the inspect and process appraisals? I know of no other industry that clings to the old ways like appraisers.

 

[Eli]

ockyappraiser, I don't like to be stereotyped and I don't like to be lied to and I know real estate very well and realize how different real estate is in different locations. I also realize how different appraisers are with regards to their level of experience, knowledge, and ethics. The ASC does too. If you don't believe it, just look at the license suspensions, revocations, etc on a daily basis. It has calmed down some, but not completely. I am in no way criticizing you because I have not walked a mile in your shoes in the market you work in. If I did, I could probably find a fault or two, just like you could with me, but anybody who reviews appraisals knows that everybody is not doing the same level of work, or even capable of doing the same level of work.

 

[ucbruin]

I don't think that. What I think is stupid is to assume all markets are the same and all appraisers are the same. That is what gets to me. Somebody comes on this forum and says well I can do so much and everybody should be able to. That is an AMC mentality if I have ever heard one, and I don't like it.

Somebody comes on this forum and says well I can do so much and everybody should be able to.

I find it just the opposite from you.

The somebody who says they can do X number of appraisals a day is usually then called a skippy.

I don't recall anyone getting hammered by others for stating that he/she can only do 2-3 appraisals per/week. The only time this may happen is when the 2-3 per week appraiser is criticizing/hammering on the 2+/day appraiser.

 

[Eli]

Somebody comes on this forum and says well I can do so much and everybody should be able to.

I find it just the opposite from you.

The somebody who says they can do X number of appraisals a day is usually then called a skippy.

I don't recall anyone getting hammered by others for stating that he/she can only do 2-3 appraisals per/week. The only time this may happen is when the 2-3 per week appraiser is criticizing/hammering on the 2+/day appraiser.

You know why? It is because some appraisers are lying for personal interests and others are being honest but work in totally different markets.

Yes, some are lying.

SOME ARE NOT TELLING THE TRUTH.

 

[The Nightfly]

I can't claim to average 2 a day...but one HUGE time saver I have implemented is having a spreadsheet of market area boundaries, descriptions and land use %. I work suburban/urban areas and have dozens of different summaries for the specific market area. It took me a while to build it up, but now when I go into an area I've been before (lots of times) I don't have to re-invent the wheel, and I still have relevant, specific comments to a particular market area/neighborhood. I also track all adjustments for those areas in the same spreadsheet (GLA, market conditions, pools, etc.)...that way, I can quickly observe if my current analysis is not jiving with prior analysis (my current analysis may be correct as market conditions have changed, but still good to track over time).

And I use a disto...I forgot it at home last week and had to buy a tape from Home Depot to do 2 inspections. The measuring easily took 2x as long and was very frustrating.

IMO, the quickest way to turn appraisals is to only accept cookie cutter work. I don't see how anyone doing a normal sample of work (some easy, some medium, some tough) could do 2 a day, even in suburban/urban areas. There are so many things that can derail report writing (zoning issues, bad comps, needing info from others, regulations research, etc.).

 

[Doug in NC]

IMO, the quickest way to turn appraisals is to only accept cookie cutter work. I don't see how anyone doing a normal sample of work (some easy, some medium, some tough) could do 2 a day, even in suburban/urban areas. There are so many things that can derail report writing (zoning issues, bad comps, needing info from others, regulations research, etc.).

I agree. I rarely get cookie cutters anymore. Lucky if I get one or two a month.

 

[Michigan CG]

I agree. I rarely get cookie cutters anymore. Lucky if I get one or two a month.

Cookie cutters, I get them all the time.

 

[Mr Rex]

If there is an area of the country that is more conducive to 2 per day that Doug's area I'd be highly surprised. That said, he has so much competition that getting 2 non complex per day is tough. I have 2 friends in that area that do 40-60 per month. 1 guy is a lone wolf and works 4am to 11pm every day and catches up on the weekends. A 40 month is a disappointment to him. He wouldn't want most of his reports to be reviewed by someone not so interested in volume but so much of what he does are in subdivisions with all the comps in the same development etc so pretty much no brainers . The other guy does 40+ per month, but has his wife typing up the reports while he does the field work. He chooses comps and does the inspections then gives her the file to type the guts and then he reviews. She was a school teacher, so she knows how to grade a report and by now knows what questions need to be asked and answered etc. They too work from 5am-10pm