Desktop appraisals value a property using MLS data, public records, satellite imagery, and comparable sales without a physical inspection. They became widely accepted during the pandemic and remain a viable option for straightforward properties with clear value ranges.
What Is Desktop Appraisal?
Desktop appraisal: Property valuation using public data, photos, and market analysis WITHOUT physical inspection.
Uses:
- MLS data
- Zillow/public records
- Google Street View
- Satellite imagery
- Comparable sales data
No in-person visit required.
When Desktop Works
Straightforward Properties: Basic homes, clear value range Clear Comparable Data: Abundant recent sales Low-Risk Transactions: Refinances, not purchase money Sufficient Photo Documentation: Owner-provided photos or Street View
Limitations
Desktop can't assess:
- Actual condition details
- Interior layout
- System functionality
- Defects or needed repairs
More conservative valuations typically result.
2020 Implementation
Lenders accelerated desktop appraisal use when in-person visits became risky.
Worked well for straightforward transactions. Limited for complex properties.
Going Forward
Desktop appraisals remain viable tool for specific situations. Not replacement for full appraisal, but useful option.
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Desktop appraisal vs. full appraisal? Understanding options. Contact me.