Appraising in Delaware, the Blog...

Delegate: How To Work Smarter Not Harder
March 4th, 2022 10:29 AM

Let's start with the definition of the word delegate (Verb): entrust (a task or responsibility) to another person, typically one who is less senior than oneself. Often we don’t want to delegate because we want to make sure everything is perfect, especially when it is our business on the line. But we don’t have to be greedy and hands on everything just to make things perfect. First of all we are all just humans - we will make mistakes. Second of all just because you delegate does not mean you can’t or shouldn’t take a second look at the work already done. So let's get into it, shall we? 

There is always a debate about how much work and time it takes to complete an appraisal. If you were to ask the typical solo appraiser you would probably get an average answer of about 7-8 hours from start to finish. Which, depending on what you are charging can still be quite profitable and doable. I am not knocking that at all - nor should anyone else. 

Now think about the time you can save if you delegate the smaller tasks to someone else. You have your communication with clients/borrowers, this is included but not limited to emails, texts and phone calls. You more than likely have multiple offers coming in a day that you need to do a quick research on and come up with a bid for. You have bids being accepted and files that need to be pulled together - organizing the file however works for you, pulling information about the home, doing your accounting on the file, putting the information on the schedule, etc. Then you have your report that can be started and the data entry of simple things that can be done by your employees. Then the cycle of trying to contact borrowers or realtors starts so you can set up appointments, you have to give updates daily to AMC’s and track all of this so you know where you stand. Then once the report is finished you have to update accounting and track all of that information. 

As pieces those things may not take more than 5, 10 or 20 minutes but when you want to be moving through 5+ appraisals a week and you are alone those small chunks of time can start adding up quickly. They are eating away at time you can be spent traveling to the homes for inspections, doing the reports… the real meat and potatoes part of the job. Delegating these tasks can help you streamline and have the ability to say yes to more work which means your name is out there more often and you don’t have to sacrifice more time and you can make more money! 

Posted in:General
Posted by Patti Persia on March 4th, 2022 10:29 AMPost a Comment

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