How you can complete 6+ appraisals per day with Appraisal Saver
If you’re like most residential appraisers, you can probably complete an average of two appraisals per day working full-time. At an average appraisal fee of $400, that’s $800 per day. Working five days a week and four weeks a month, that’s $16,000 per month of revenue.
If you’re not making $16,000 per month of revenue, here’s how you can.
Now $16,000 per month is great, but it’s still hard work. You probably have sore eyes at the end of each day from staring at your computer screen and no one likes to spend time sitting in traffic.
So even if you wanted to earn more money, you’re likely thinking it’s not worth it, or even impossible. After all, there are only so many hours per day, and the only way to earn more money is to complete more reports. If you’re already working full-time to complete two appraisals per day, how could you possibly do any more?
You do this not by working harder, but by working smarter and delegating the report completion process to a fully-trained assistant. By having a capable assistant handle the reports for you, all you need to do is drive to the property location and complete the inspection. With the time you’ve saved from no longer having to complete reports, you’ll have more time to complete more inspections.
Let’s break it down with some real numbers:
| Without Appraisal Saver | With Appraisal Saver | |
| Driving + Inspection | 1 - 1.5 hours | 4 - 6 hours |
| Report | 2 - 3 hours | 0 - 0.5 hours* |
| Time To Complete 1 Appraisal | 3 - 4.5 hours | 1 - 1.5 hours |
| Appraisals Per Day (9 hour day) | 2 to 3 | 6+ |
* Up to half an hour is allocated to finding comparables and doing a quick review of the final value.
But wait, maybe you’re thinking that this isn’t a completely comprehensive comparison because after all, an assistant to complete your reports won’t be free. And you’re right – so let’s update the chart to now include the added cost of an Appraisal Saver assistant.
| Without Appraisal Saver | With Appraisal Saver | |
| Appraisals Per Day (9 hour day) | 2 to 3 | 6+ |
| Revenue Per Day ($400 per appraisal) | $800 - $1,200 | $2,400+ |
| Assistant Cost (for 6 reports) | 0 | $300* |
| Total Revenue | $800 - $1,200 | $1,950+ |
* Calculated based on a cost of $50 per report through Appraisal Saver.
By working with an Appraiser Saver assistant, you can double the amount of revenue you earn each day without having to work any additional hours. How’s that for working smarter, not harder?
On top of this, in some areas of the US, appraisers can easily charge over $1,000 per report, making the daily revenue numbers $6,000+. At Appraisal Saver, we personally know several clients of Appraisal Saver easily making over $6,000 per day through our service.
But maybe you’re still thinking this isn’t a completely fair representation, because surely you’ll need to train your appraisal assistant hundreds of hours before they’re able to help you or you’ll need to spend lots of time reviewing the assistant’s work before you submit it to the AMC.
It’s fair for you to think that, and if you hire an assistant without any experience, or hire someone for cheap labor, that absolutely should be the expectation. But with an Appraisal Saver assistant, that couldn’t be further from the truth.
At Appraisal Saver, all assistants are thoroughly trained professionals who go through an extensive and rigorous training process with licensed appraisers. In addition, all work for our clients is reviewed by a licensed appraiser to ensure you receive reports that are both accurate and free of errors. On top of this, Appraisal Saver comes with a 15 day money back guarantee that lets you try our service risk free. If you’re not 100% satisfied, receive a full refund.
Frequently
Asked Questions
Have additional questions? Send us a message and we’ll get back to you ASAP.
Appraisal Saver allows you to delegate the entire residential appraisal report completion process. Just send us the inspection related information and we’ll send you the entire completed report in 1 business day. We can complete the report using ACI or TOTAL a la mode, depending on your preference.
To start, sign up for our service with your first 3 reports free. After signing up, you’ll be able to submit report orders directly through our portal. Each report is $50 and is worked on by experienced experts and reviewed by our management team to ensure they are both accurate and free of errors. Reports are completed and sent back to you within 1 business day.
Yes, using Appraisal Saver to complete your reports is 100% fully compliant and does not go against any rules. As a residential appraiser, you are allowed to have someone else complete your report as long as you sign the report. There are no compliance issues with using Appraisal Saver.
We can complete all of the major appraisal reports – 1004, 1073, 1025, 2055 and 1007 – so all your appraisal report needs are covered. We complete the entire report, including entering information about the subject and comparables, transcribing your sketch, ordering the photos, performing the adjustments and compiling the market trends.
You can submit as many reports to us as you’d like, with each report being completed within one business day. We have multiple clients submitting 6+ reports to us daily without any turnaround time issues.
Each report will be completed within 1 business day. We have multiple clients submitting 6+ reports to us daily without any turnaround time issues. Please note that if you do not include all the required information when submitting your report order to us, we will contact you for the necessary information, which may result in delays depending on how soon you are able to provide us with this information.
Submitting the report order, receiving the completed report, and all communication is managed through our portal.
Through our portal, you can easily upload your inspection notes, sketch, photos and any other information you would like us to know in order to complete your report. If anything is missing or if we need further clarification, we’ll send you a message and let you know.
No, there are no contracts or subscription commitments with Appraisal Saver. You simply pay per appraisal report that you want completed. You may stop using our service any time.
We provide all new clients with their first 3 reports free (any after that are $50 each) and a 15 day money back guarantee. This means that if you don’t like our service for any reason, just let us know within 15 days and you will get a full refund for all the reports you paid for – and you can keep your completed reports! If there is anything we can do to make you satisfied, we’d love to work with you to do so!
Frequently
Asked Questions
Have additional questions? Send us a message and we’ll get back to you ASAP.
Completing two residential appraisals per day may be easy for some, but daunting for others. If you’re in the latter group, don’t worry – we’ll walk you through how you can do this and earn $16,000 per month as a residential appraiser even without hiring an assistant.
First, let’s start off with some numbers.
| Appraisals Per Day | 2 |
| Fee per Appraisal | $400 |
| Workdays Per Month | 20 |
| Total Revenue Per Month | $16,000 |
By completing two appraisals per day, you’re able to earn $16,000 per month with the above assumptions of completing 40 appraisals per month (working 5 days a week), with each appraisal making you $400. Of course, in many parts of the country you can get much more than $400 per appraisal, which just makes hitting that $16,000 per month mark easier.
So now that we’ve determined that $16,000 per month comes out to two appraisals per day, how exactly can you consistently do this without hiring an assistant?
If you want to work nine hours per day and need to complete two appraisals per day, that means that you cannot spend more than four and a half hours per appraisal. While that may sound like a lot of time, remember that this not only includes the amount of time you spend physically inspecting and completing the report, but also the time you spend driving to and from the subject property and on revisions.
In order to complete two or more appraisals per day, you’ll need to be both efficient with your work and optimal with your time. Below we’ll describe exactly what this entails, including actionable strategies on how you too can complete two or more appraisals per day.
Create templates and standard texts
One of the easiest time savers is to create templates for the various report types you may need. The most obvious is for each different type of report, such as the 1004, 1073, 1025 and 2055, which you most likely already have. But beyond this, it can be extremely helpful to have templates for specific AMCs that contain their particular requirements, especially certain information they require for particular sections, much of which will appear in the addenda. By having an organized database of templates, you can save time from having to go through past reports to find the information you need to insert into your current report and/or having to merge multiple reports so that your current report has everything required.
Additionally, you most likely have various phrases or wordings that you use to describe frequent or common situations, such as describing the results of the market trend analysis, the treatment of certain specific location factors, how the subject’s unwarranted basement is treated and other common factors. You may be able to remember which report you last encountered a particular situation, but rather than having to remember or having to dig through that report to find the relevant information to copy over, it can be a huge time saver to have an organized table or list containing each particular situation and the specific information you would include in the report for such a situation.
Minimize your driving time
Driving to the property is unavoidable, and of course we’re not encouraging you to speed just to spend less time driving! But we are strong proponents of using your time efficiently. The best way to minimize your driving time is to not only schedule property inspections that are close to each other, but to schedule as many of them as you can in one day for each relative location.
Scheduling properties that are close together allows you to get more inspections completed in one day. If Property A is a 30 minute drive from your home, and Property B is also a 30 minute drive from your home, you may assume that it would take a total commute of two hours to complete both property inspections – and that’s correct if you’ve scheduled the properties for two separate days.
But what if Property A and Property B are only five minutes apart? By scheduling the two inspections for the same day, you’ll be able to save one hour of driving time.
The effects of this multiply the more nearby properties you schedule together in one day. If you’re aiming for two appraisals per day, or 10 per week, try to schedule as many as you can in one day for a certain vicinity, rather than having to go back to that area another day to complete the remaining inspections in that vicinity. This will limit the number of days you have to spend doing inspections (assuming the borrowers’/homeowners’ schedules comply!).
In addition, by creating your schedule this way, you’ll be able to fully focus certain days on inspections, and then fully focus your other days on completing the reports. By separating the tasks by the day, you’ll be able to be more productive and efficient with your work. The reason for this is due to the huge toll on your brain associated with switching between tasks.
Final thoughts
By just utilizing the simple strategies noted above, you should be able to complete two appraisals per day without much difficulty. If you want to complete more appraisals per day without spending a lot more time or energy, we’re here to help!
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