Appraisal News and Business Tips

12-1-16 How long does it take you to complete a 1004 report?

Poll: On average, how long does it take you to complete a 1004 interior inspection appraisal report, including inspection and drive time? www.appraisalport.com survey. This week’s poll is C/R fees in your area. Maybe future pools did will ask about typical AMC fees or how long it took pre-HVCC.

12-1-16-poll-on-time-to-complete-appraisal

My comments: For many appraisers, driving time is long. Two years ago I started working almost exclusively in my small town. Driving time is very low. However, I very seldom appraise tract homes. My appraisal reports are very similar to pre-HVCC. I average about 5 hours per appraisal.

2 Comments
  1. There are a lot of variables, If I complete every aspect of the report including the research, with no help it takes from 5-6 hours. This does not include drive time for the subject and comps usually 5-6 comps. In town most inspection of the subjects take 1 – 1 1/2 hours including drive time. Comps photos can take from 45 min to 80 minutes. On average for in town it is about 7-8 hours.

  2. What are the parameters for this survey? Does it assume or allow for time involved that is often done by support staff to look up zoning, make appointments, answer phones, draw diagrams, etc?

    If the object of this survey is to determine a C/R hourly rate, as compared to other trades, are the non specific regular business expenses such as info service subscriptions, space rent, insurance factored in. For example an auto repair shop might pay a journeyman auto mechanic $50/hr but bill the customer $130/hr. to cover non-specific costs associated with running a business.

Leave a Reply