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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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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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5 Things To Consider When Getting A Hybrid Appraisal

Birmingham Appraisal

An agent involved in the property inspection process may overlook defects that may affect the value that the appraiser would readily pick up on. Because of issues like this, it is important for the property inspector to have adequate training and zero bias in the outcome of the transaction.

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Decoding Property Appraisal for REO Properties

AmeriMac

Real Estate-Owned (REO) properties are distressed homes acquired by lenders after failed auctions. Sold below market value, they often require significant repairs. These properties are typically owned by banks or government agencies, aiming to sell them quickly to recover losses.

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2024 USPAP For Appraisers

Appraisal Today

It was my favorite class as we could focus on issues in our current market. and “Are we getting the most probable value?” in context of a comprehensive database of property characteristics and market transactions. Next month’s newsletter will have a lengthy article on the issues of the property inspector.