"drive-by" valuations
English translation: appraisals or valuations made by looking at the outside of the properties
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| 16:59 Jan 2, 2009 |
| English language (monolingual) [PRO] Bus/Financial - Real Estate | |||||||
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|  Selected response from: Michael Powers (PhD) United States Local time: 22:47 | ||||||
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| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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| 4 +4 | appraisals or valuations made by looking at the outside of the properties |
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Answers
3 mins confidence: 
peer agreement (net): +4
peer agreement (net): +4appraisals or valuations made by looking at the outside of the properties Explanation: Instead of doing an actual analysis by analyzing the comparables and the actual condition of the properties being appraised, a tax appraisals were made on the properties simply on the impression received from "driving by" or looking at the outside of the property. Mike :) -------------------------------------------------- Note added at 19 mins (2009-01-02 17:18:39 GMT) -------------------------------------------------- Yes, a superficial impression, if you will. The image is a car driving by a house and the appraiser thinking, "well, an average house" for this area. It is very superficial and probably not accurate at all. -------------------------------------------------- Note added at 1 hr (2009-01-02 18:06:55 GMT) Post-grading -------------------------------------------------- You're welcome |
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