Return to site

What Is A Hybrid Appraisal?

Are hybrid appraisals, broker price opinions, data-driven automated reports and desktop valuations replacing traditional apprasial reports?

Appraisals, a critical part of real estate transactions, have customarily been done in-person by an experienced appraiser. However, with advancements in technology and the rise of big data, alternatives to the traditional appraisal field are beginning to become more prevalent in the U.S. https://www.thechestnutpost.com/news/are-hybrid-appraisals-becoming-the-new-normal-in-real-estate-transactions/