The hybrid appraisal is here. Who benefits?
Housing Wire
JULY 12, 2022
Its appraisal modernization pilot, which used hybrid appraisals, showed an 18% point reduction in confirmation bias compared with traditional appraisals, which rely on human observations and, as such, potentially could be riddled with overt or subconscious bias. The seller accepts it; they go into contract. An offer comes in at 5 p.m.
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