Looking to purchase a new home? How reliable is the home appraisal?
I start looking at homes based on their appraised value, next step is the Real Estate Agent's showcase photos of a home, which is many cases leaves a lot to be desired.
When you are looking to purchase a home today, you might as well get in the car and drive yourself there. It appears much of the real estate market has gotten quite lazy in today's world....
DRIVE BY APPRAISALS!
"Thousands of U.S. homes are underwritten using “drive-by” appraisals — which are sometimes generated by overseas contractors looking at Google Earth and listings websites."
►Read the details here: https://therealdeal.com/…/an-untold-number-of-us-homes-are…/