Modern Appraisal Methods: How the Game is Changing
In the dynamic landscape of real estate, the traditional methods of property appraisals are undergoing a significant transformation. This appraisal evolution is driven by the integration of cutting-edge technologies such as machine learning algorithms, artificial intelligence, and automated valuation models (AVMs). Let’s look at how appraisal modernization has evolved from on-site visits to today’s technology-driven […]
What Is a Drive-By Appraisal?
When it comes to lending practices, institutions have many options to choose from to mitigate risk and find property values. A Standard Uniform Appraisal Report is not necessary with every property purchase. One alternative to the conventional appraisal report is an exterior appraisal – most known as a drive-by appraisal. A drive-by appraisal, true to […]