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5 Things To Consider When Getting A Hybrid Appraisal

Birmingham Appraisal

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. The data collection is done by a third-party data collector, who could be a real estate agent or someone else. What is the training of the property inspector?

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What is a Hybrid Appraisal?

Robinson Appraisal Group

However, a hybrid appraisal includes an exterior observation of the property, sometimes including an interior inspection by a third-party: this third party inspection could be done by a real estate agent, a property inspector or even another real estate appraiser.

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Home Appraisal vs. Home Inspection

CP Home Appraisals

Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. The bulk of the appraiser’s work is focused on market analysis to decide market value based on “assumed” condition of the house.

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2024 USPAP For Appraisers

Appraisal Today

There is a real estate appraiser section with some of the brightest appraisal minds in the industry, and yet…no contribution to this report about property data collectors. Next month’s newsletter will have a lengthy article on the issues of the property inspector. I was taught that “one sale does not make a value.”