{"id":238635,"date":"2024-04-15T14:10:20","date_gmt":"2024-04-15T14:10:20","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=238635"},"modified":"2024-04-15T14:10:20","modified_gmt":"2024-04-15T14:10:20","slug":"what-is-drive-by-appraisal","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/","title":{"rendered":"What is drive-by appraisal?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#What_is_Drive-By_Appraisal\" title=\"What is Drive-By Appraisal?\">What is Drive-By Appraisal?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#FAQs_about_Drive-By_Appraisal\" title=\"FAQs about Drive-By Appraisal\">FAQs about Drive-By Appraisal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#1_When_is_a_drive-by_appraisal_typically_requested\" title=\"1. When is a drive-by appraisal typically requested?\">1. When is a drive-by appraisal typically requested?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#2_How_does_a_drive-by_appraisal_differ_from_a_traditional_full_appraisal\" title=\"2. How does a drive-by appraisal differ from a traditional full appraisal?\">2. How does a drive-by appraisal differ from a traditional full appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#3_What_information_does_an_appraiser_gather_during_a_drive-by_appraisal\" title=\"3. What information does an appraiser gather during a drive-by appraisal?\">3. What information does an appraiser gather during a drive-by appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#4_What_are_the_advantages_of_a_drive-by_appraisal\" title=\"4. What are the advantages of a drive-by appraisal?\">4. What are the advantages of a drive-by appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#5_Are_drive-by_appraisals_accurate\" title=\"5. Are drive-by appraisals accurate?\">5. Are drive-by appraisals accurate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#6_Can_a_drive-by_appraisal_be_used_for_all_types_of_properties\" title=\"6. Can a drive-by appraisal be used for all types of properties?\">6. Can a drive-by appraisal be used for all types of properties?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#7_How_long_does_a_drive-by_appraisal_typically_take_to_complete\" title=\"7. How long does a drive-by appraisal typically take to complete?\">7. How long does a drive-by appraisal typically take to complete?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#8_How_much_does_a_drive-by_appraisal_cost\" title=\"8. How much does a drive-by appraisal cost?\">8. How much does a drive-by appraisal cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#9_Can_a_drive-by_appraisal_affect_the_value_of_a_property\" title=\"9. Can a drive-by appraisal affect the value of a property?\">9. Can a drive-by appraisal affect the value of a property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#10_Are_drive-by_appraisals_accepted_by_lenders\" title=\"10. Are drive-by appraisals accepted by lenders?\">10. Are drive-by appraisals accepted by lenders?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#11_What_are_some_limitations_of_drive-by_appraisals\" title=\"11. What are some limitations of drive-by appraisals?\">11. What are some limitations of drive-by appraisals?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#12_Can_homeowners_request_a_drive-by_appraisal_on_their_own\" title=\"12. Can homeowners request a drive-by appraisal on their own?\">12. Can homeowners request a drive-by appraisal on their own?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Drive-By_Appraisal\"><\/span>What is Drive-By Appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Drive-by appraisal is a type of real estate appraisal performed by an appraiser who only observes the property from the exterior while driving by. This type of appraisal is typically conducted when an interior inspection is not feasible or necessary.<\/p>\n<p>Drive-by appraisals are often requested for properties that are being refinanced or sold, but the exact value is not critical. The appraiser will make notes on the property&#8217;s exterior condition, location, and surrounding neighborhood. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_Drive-By_Appraisal\"><\/span>FAQs about Drive-By Appraisal<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_When_is_a_drive-by_appraisal_typically_requested\"><\/span>1. When is a drive-by appraisal typically requested?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA drive-by appraisal is usually requested when a full interior inspection is not necessary, such as for properties with minimal changes or updates since the last appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_does_a_drive-by_appraisal_differ_from_a_traditional_full_appraisal\"><\/span>2. How does a drive-by appraisal differ from a traditional full appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn a drive-by appraisal, the appraiser does not enter the property to assess its interior features or condition. Instead, they rely on exterior observations and data from the surrounding area.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_information_does_an_appraiser_gather_during_a_drive-by_appraisal\"><\/span>3. What information does an appraiser gather during a drive-by appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDuring a drive-by appraisal, the appraiser notes the property&#8217;s exterior condition, size, location, surrounding neighborhood, and any visible improvements or deficiencies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_What_are_the_advantages_of_a_drive-by_appraisal\"><\/span>4. What are the advantages of a drive-by appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDrive-by appraisals are quicker, less expensive, and more convenient than traditional full appraisals. They can be a good option for properties with straightforward characteristics.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_drive-by_appraisals_accurate\"><\/span>5. Are drive-by appraisals accurate?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile drive-by appraisals may not be as comprehensive as full appraisals, they can still provide a reasonable estimate of a property&#8217;s value when conducted by a qualified appraiser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Can_a_drive-by_appraisal_be_used_for_all_types_of_properties\"><\/span>6. Can a drive-by appraisal be used for all types of properties?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDrive-by appraisals are typically suitable for single-family homes, townhouses, and condos. However, they may not be appropriate for complex or unique properties that require a more in-depth evaluation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_How_long_does_a_drive-by_appraisal_typically_take_to_complete\"><\/span>7. How long does a drive-by appraisal typically take to complete?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA drive-by appraisal is usually quicker than a traditional full appraisal and can be completed in a few days, depending on the appraiser&#8217;s schedule and workload.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_much_does_a_drive-by_appraisal_cost\"><\/span>8. How much does a drive-by appraisal cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of a drive-by appraisal is generally lower than that of a full appraisal since it requires less time and effort from the appraiser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_a_drive-by_appraisal_affect_the_value_of_a_property\"><\/span>9. Can a drive-by appraisal affect the value of a property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA drive-by appraisal can impact the perceived value of a property, especially if the appraiser identifies any visible issues or upgrades during the exterior inspection.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Are_drive-by_appraisals_accepted_by_lenders\"><\/span>10. Are drive-by appraisals accepted by lenders?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nLenders may accept drive-by appraisals for certain types of loans, such as refinances or home equity lines of credit, where a full interior inspection is not required.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_What_are_some_limitations_of_drive-by_appraisals\"><\/span>11. What are some limitations of drive-by appraisals?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDrive-by appraisals may not capture all of the nuances and details of a property&#8217;s interior condition, which can affect the accuracy of the final valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_homeowners_request_a_drive-by_appraisal_on_their_own\"><\/span>12. Can homeowners request a drive-by appraisal on their own?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nHomeowners can request a drive-by appraisal independently to get a rough estimate of their property&#8217;s value, but lenders may still require a full appraisal for loan purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Drive-By Appraisal? Drive-by appraisal is a type of real estate appraisal performed by an appraiser who only observes the property from the exterior while driving by. This type of appraisal is typically conducted when an interior inspection is not feasible or necessary. Drive-by appraisals are often requested for properties that are being refinanced &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is drive-by appraisal?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-is-drive-by-appraisal\/#more-238635\">Read more<span class=\"screen-reader-text\">What is drive-by appraisal?<\/span><\/a><\/p>\n","protected":false},"author":60,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-238635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is drive-by appraisal?<\/title>\n<meta name=\"description\" content=\"What is Drive-By Appraisal? 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