A “Desktop Valuation” also known as a limited appraisal. The appraiser will use all available tools online to develop an opinion of value based on assumptions that the subject property is in average condition and conforms to the neighborhood in terms of style and construction. The product is a great option for the client to receive an estimate of value for a subject property without the upfront cost of a full appraisal.
A drive-by appraisal utilizes a similar process for estimating market value as the full appraisal with interior inspection. However, the drive-by appraiser must rely on outside sources for their information. For example, the appraiser may check court records or a multiple listing service record to obtain the age, size, and other characteristics of your home. Although these records may not always be accurate, they provide some basic information to complete the appraisal.
Full appraisal designed for the valuation of one-unit residential properties. Valuation is based on an interior and exterior inspection of subject property and exterior inspection of all comparable sales by a licensed appraiser. Available for use in Construction Lending, for FHA, Manufactured Home and Jumbo loans as well as REO valuations.
Additional features include: Map of subject versus comparable properties, Building Sketch with exterior dimensions, Front Rear and Street photos of subject, and Front picture of all comparables.