How Many Appraisals Do You Complete Each Week?

[Terraform]

Volume like that goes a long way towards establishing the C&R fees in your market. I hope you’re getting good compensation for your long hours

I admit to working for less than C&R fees as a start up. Now, 13 years later my fees are on par or above the C&R fees.

 

[Carnivore]

I am very inefficient as an appraiser. I rarely get comp photos on the first trip.

I am astounded by the volume some appraisers claim they complete each month. They must be perfect human machines of efficiency and very lucky on assignments sent to them.. On balance most appraisers are probably considerably less than the outlandish claims and most certainly a good bit more than me. Good for you!

 

[Digger88]

I am very inefficient as an appraiser. I rarely get comp photos on the first trip.

I am astounded by the volume some appraisers claim they complete each month. They must be perfect human machines of efficiency and very lucky on assignments sent to them.. On balance most appraisers are probably considerably less than the outlandish claims and most certainly a good bit more than me. Good for you!

id die if i had to go back and take comp pics. why dont you just take them when you do the inspection? i take 3 comps with me on the initial inspection and they go in the report. done.

 

[TRESinc]

id die if i had to go back and take comp pics. why dont you just take them when you do the inspection? i take 3 comps with me on the initial inspection and they go in the report. done.

i have to take at least 5-6 and usually 7-8 with me as something typically shows up when i do more than just a cursory search that prevents me from using some that i pulled. i typically use 4 per report unless i feel 3 will do what it required.

 

[Eli]

i have to take at least 5-6 and usually 7-8 with me as something typically shows up when i do more than just a cursory search that prevents me from using some that i pulled. i typically use 4 per report unless i feel 3 will do what it required.

My market is so diverse that I do about 15 on average. Sometimes 25 and sometimes 10.

It varies big time. It’s worth it though. I cover my bases.

When I have to go back, it makes me mad at myself. It happens though. Sometimes beyond my control. Preliminary analysis proves wrong.

 

[miktay]

i take 3 comps with me on the initial inspection and they go in the report. done.

Do you ever start typing the report and then realize that the 3 comps you inspected may not be the most appropriate comps for the subject?
Then what do you do?

 

[Carnivore]

Do you ever start typing the report and then realize that the 3 comps you inspected may not be the most appropriate comps for the subject?
Then what do you do?

I have had that more often than i care to admit. Since most of my work up until this year was REO I never know the condition. Often time the property has not been listed ever or if it has been the lazy Realtor was in error on many features and other stuff. or just left out stuff. If i am in a relatively new S/D I take a list, and get photos, BUT Rural properties i never get comps because of just what you said they turn out to inappropriate. Frankly driving all over a county for mobile home comps is aggravating. Often the best three still suck.

 

[EddieB]

That’s where a laptop and hotspot come in handy.

 

[Digger88]

Do you ever start typing the report and then realize that the 3 comps you inspected may not be the most appropriate comps for the subject?
Then what do you do?

on the ultra rare occasion that happens i put in a new comp.

 

[bnmappraisal]

why dont you just take them when you do the inspection?

Because the subject doesn't always "look like" it does in County/Public records.
In my market(s), this is especially true with properties having ADUs. They will often be reported/marketed as (i.e.) 2,000 sf but in reality it's a 1,500 sf main house with 500 sf ADU
So you can't just run out with "3 comps" and be done

(Edit to add: FWIW, I'm in an urban/suburban market(s) - no rural areas)