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Transcript

APPRAISAL DELIVERY PROCESS

C

Completion

11/15/2019

ACCURATE VALUE APPRAISAL

Preliminary Research

I

  • Research assignment
  • Unusual site discrepancies
  • # of suitable comparables
  • Distance
  • Complexity in measurement
  • Complexity in form type
  • Determine price
  • Decide what to do with order on client platforms
  • Accept/Conditions/Reject

Initial

Research

R

  • Subject research
  • Comparable research
  • Comparable selection

Research

Research

Research Duties

Subject research

  • Collect property detail from public records, Google Maps, and MLS.
  • Note down pertinent information regarding location, view, etc.

Comparable research

  • Research public records and MLS for comparables.
  • Find best available comparables, prioritizing lot size, GLA, distance, bed/bath count, and condition.
  • Document best available comparables for data entry.

Office Staff

S

  • Schedule Inspection
  • Interview
  • Update

Schedule

Schedule Inspection

  • Call point of contact.
  • Schedule inspection.
  • Update client.

Detail

Initial Interview

  • Gather information from POC regarding contact discrepancies from public records and recent

updates.

Appraisal Inspection

I

  • Subject Photos
  • Comparable photos
  • Measurement
  • Sketch subject
  • Interview and documentation

Inspection

Inspector

See document:

Guidelines for Appraisal Inspection

Inspector

Data Entry

D

  • Form Data Entry
  • All parts of appraisal report not requiring analysis.
  • Subject info, Sketch, Comps, maps, photos, etc.

Data Entry

Data Entry

Virtual Assistant

See procedural manual: "Appraisal Report: Data Entry"

Analysis

A

  • Comparable adjustments
  • Neighborhood Analysis
  • Cost Approach
  • Market Conditions Addendum (1004-MC)
  • Supplemental Addendum
  • Preliminary decisions on value

Analysis

Timeline

#1

#2

#3

Timeline

Pricing

OFFER 2

OFFER 1

OFFER 3

Pricing

$2,000

Service 1

Service 2

Service 3

Service 4

Service 5

$3,000

Service 1

Service 2

Service 3

Service 4

Service 5

$1,000

Service 1

Service 2

Service 3

Service 4

Service 5

Quality Control

- Final check of report for errors and consistency

- Addressing unusual aspects of report

Revisions

- Complex revision requests

- ROV

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