A home is not only a personal space but also a significant asset. When selling or refinancing, a home appraisal is essential to assess its value. A drive-by appraisal, which inspects only the exterior, has emerged as a fast and economical alternative to traditional appraisals, particularly during the COVID-19 pandemic. Appraisers use external observations along with public records and MLS data to determine property value. The drive-by method streamlines the appraisal process while still effectively estimating market value through alternative sources.
A drive-by appraisal simplifies the traditional home appraisal process by only inspecting the exterior of the home, relying on alternative data sources to determine its value.
Drive-by appraisals are a safe alternative to traditional in-person appraisals during the COVID-19 pandemic and have proven to be quicker and less costly.
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