Understanding Hybrid Appraisals: Risks, Benefits, and Implications for Buyers and Lenders
A hybrid appraisal splits the valuation process: a third-party contractor inspects the property and sends the data to a licensed appraiser, who then completes the valuation remotely without ever visiting the property. While intended to be cheaper and faster than a traditional appraisal, this method carries significant risk. The third-party inspector is often untrained in […]