Is there anything I can do the speed up the appraisal process?

Some homeowners may provide the appraiser with an old appraisal hoping this may speed things along. Our appraisers must still perform their own personal inspection of the property. We cannot rely on another appraiser's information. We personally inspect, verify and measure every single property regardless of whether or not there is an old report provided. The old report is a reference in which our appraisers may or may not use.

The appraisal process is an orderly and concise method of reaching an estimate of value. The process has six major steps which include: definition of the problem, preliminary survey and appraisal plan, data collection and analysis, application of the three approaches to value, reconciliation of value indications, final estimate of defined value. This process assists the appraiser in reaching a sound conclusion.

The major phase of this process involves the application of the three approaches to value which include the Market Data Approach, the Cost Approach and Income Approach. The three approaches are reconciled and the value via most applicable approach, in the opinion of the appraiser, is selected as the final estimate of value. In most residential appraisals, particularly those of single or two family dwellings, the direct sales comparison or market approach best reflects the actions of buyers and sellers and is the most convincing and defendable approach to value.