Monthly Archives: March 2014

What is a Drive-by Appraisal?

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If you’ve gone through the process of selling or buying a home before you may know that completing an appraisal could take weeks. Between a thorough inspection, documenting findings, building a list of comparable properties and adjusting for property difference, time can easily add up. However, not all appraisals are created equal. As a matterIf you’ve gone through the process of selling or buying a home before you may know that completing an appraisal could take weeks. Between a thorough inspection, documenting findings, building a list of comparable properties and adjusting for property difference, time can easily add up. However, not all appraisals are created equal. As a matter of fact, some appraisals don’t even require the


4 Appraisals Misconceptions

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Appraisers excel at interpreting and comparing data in order to deliver the most current and accurate description of a property. In turn, this information will help the appraiser determine its value. They dig deep into the history, condition, age and location of the property and pinpoint a value that will ensure that the loan amountAppraisers excel at interpreting and comparing data in order to deliver the most current and accurate description of a property. In turn, this information will help the appraiser determine its value. They dig deep into the history, condition, age and location of the property and pinpoint a value that will ensure that the loan amount written by the bank is appropriate. Appraisers verify sales