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With an assistant to key punch and hunt comps, which was what I had for a long time, I could complete about 1 per day. That was mostly rural property and about 40% was commercial agri or small commercial which had fees from $700 - $2,500, or mineral work which might be $5,000 or more. It is hard to make the comparison to a strictly residential appraisal practice. But with an assistant and a good grasp of the MLS, ready access to the county GIS and public data, two is not impossible, but even then, I would want a long turnaround so that if there is a bump in the research road, I have time to address it as a normal course of business. I understand that in MO, there is no quick "public" data of value for all practical purposes and reliance upon the broker is the sole source of info. I can see that shortens the process of research since it simply isn't available "in the normal course of business". Further, since those records are NOT on line, reviewers cannot search public data to compare, thus are much less likely to find a discrepancy between MLS records and "public" records that don't exist.
I know that I have all the time I need to do appraisals and post. I don't like TV. I don't do much other than work, eat, and sit near one of the five computers and a tablet that resides in my abode. And I do read. I probably average at least 1 hour per day reading. I know that a few on this site sell more real estate than they appraise, etc. So some of us who post a lot are working as hard as we want to.
Classy response!
Tend to agree, have little respect for those that use those words.
That is definitely the case from my perspective. It takes me at least 4 hours just to do the research, inspection, and comp photos. Another 3+ hours to finish writing up the report. I could do a simple private report in about 5-6 hours, but it would be a very rare occurrence if I could complete a standard lender appraisal in under 8 hours start to finish. Unless an appraiser has repeat multiple easy assignments within 5-10 minutes drive of the office, a golden comp database that gets used over and over again, or maybe an assistant, it is hard for me to imagine how an appraiser can turn out 2 appraisals a day with consistency. Of course another option is to work 14 hour days, but who can keep that up for more than a few weeks at a time?
45 to an hour isn't uncommon but for me the driving time usually exceeds the inspection time. And then add comps...well, you get the picture. If I have a 10 am appointment, then basically, I have 4 hours to do the report after lunch. That is not a lot of time for a complex rural residence, especially if you don't have the comp pix in file already.
