drive by appraisal reddit

Drive by appraisals are typically 5-10 lower on average than a full walk through appraisal. Just as the name implies a drive-by appraisal is a type of property appraising process that only requires a professional appraiser to assess your propertys exterior.


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While a traditional appraisal includes a licensed real estate appraiser visiting the home for a visual.

. Drive by appraisal reddit Friday October 14 2022 Edit. Drive by appraisals are preferred by mortgage lenders in refinance transactions because they are faster to complete. What is a Drive-By Appraisal.

After the offer on the home is accepted an appraisal will be conducted by a third-party company. The appraisal gives a second opinion on the fair. A drive-by appraisal is a simplified version of a traditional home appraisal.

Buyers should be demanding full walk through on a home they are about to purchase.


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