Before I opened Fair Auto Appraisals LLC, I found myself navigating the appraisal clause process firsthand. When it came time to hire an appraiser, I knew that I wanted to work with an appraiser who answered all of my questions in a timely manner and who would provide a professional looking, well documented valuation report.
The biggest challenge for me was that I couldn’t preview different appraisers’ reports without committing and paying for one. I ended up paying for an appraisal only to be disappointed by the quality of the work. Frankly, the appraiser took 10 days and in the end the report resembled the work of a fifth-grader! To make matters worse, my insurance company dismissed it entirely because the appraiser did not break down the value adjustments that were applied to each comparable. When I requested revisions to the appraisal, the appraiser demanded additional fees—needless to say I was very disappointed.
This experience drove home the importance of providing my clients with top-tier valuation reports, supported by at least three comps with value adjustments applied for differences in mileage, condition, options and upgrades. Also taken into account are any special or rare features that may enhance the vehicle’s desirability and value, such as limited production runs, special editions, or performance upgrades.
I approach every appraisal with the mindset that it could end up being scrutinized by a judge.
I would be happy to review your scenario for free, just fill out the form to the right and if you would like me to send you a sample of one of my appraisal reports you can check the box next to that option and I will email you a copy.