5 Tips for a Faster Home Appraisal
By: Kimberly Morrison-Schop, President
Tell us a little bit about your experience, company history and the services you offer.
I currently serve as President of Class Appraisal, a national AMC headquartered in Birmingham, Michigan. I have worked in the Appraisal, Real Estate, and Mortgage Industry for over 20 years. Appraiser, Realtor, Loan Officer, Analyst, Manager, Project Manager and Vice President are just some of my previous titles.
Founded in 2009, Class Appraisal, Inc is a Nationwide Appraisal Management Company. We have earned a reputation for delivering outstanding customer service to some of the nation’s largest lenders. We offer traditional valuation products as well as compliance based consulting and reviews. We achieve high levels of service, quality and compliance by adhering to the philosophy that dedication is the key to not only our client’s, but our own success.
What is the typical amount of time that it takes to have a home appraisal done?
5 Days from receipt of order to delivery of the completed report. For more complex homes or rural areas, it can take up to two weeks.
What are some of the biggest factors in determining how fast a homeowner will get a copy of the report?
Typically, an appraiser will be able to write up an appraisal within 48 hours after inspection. This includes doing a drive-by and taking photos of each comparable. If the appraiser is not able to verify data through public records, or the subject is complex, it can slow the process down.
Can you give some common examples of unique property features you’ve seen in Michigan-area houses?
I have come across many unique features over my 15+ years of appraising. Some of the most memorable include a heated driveway, infinite pool, home movie theatre, climate controlled wine cellar, personal observatory and custom-built bars.
What are two ways that a homeowner or occupant can help speed up the home appraisal process?
Being prepared with information is key. Provide the appraiser with a copy of your site or mortgage survey and an itemized list of repairs/updates that have been made to the home over the past 10 years. Other useful information you can provide is your Home Owner’s Association contact information, private road agreement info and permits for a new addition, if applicable.
In most cases, how much contact does a home appraiser have with homeowners after the appraisal is complete?
In most cases the borrower only deals with the appraiser while setting up their appointment and during the actual inspection. If borrower noticed any major discrepancies or feels any sales data was missed, they will relay that information to their lender. From there, the lender will communicate with the AMC and the AMC will work directly with their appraiser. We have policies in place and make every effort to comply with Appraiser Independence Requirements in order to prevent any appraiser pressure or undue influence.
What’s the best way for people to reach you and your company?
There are multiple ways to get in touch with us. You can visit our website at classappraisal.wpengine.com; call us at 248-220-2360 or finally, you can email us at firstname.lastname@example.org.
Original interview information below:
Check out my interview, 5 Tips for a Faster Home Appraisal on Michigan Homes, one of the top sites for Michigan homes for sale, including Macomb, MI homes for sale. Michigan Homes also services Illinois real estate and Pennsylvania homes for sale.