Exterior Appraisals Los Angeles $325

An exterior (drive-by) appraisal is an appraisal assignment in which the appraiser performs an exterior-only inspection of the subject property and does not inspect the interior. During the inspection, the appraiser observes and photographs the exterior of the property, verifies its location and physical existence, and notes any readily observable exterior characteristics that may be relevant to the assignment.

Because the interior is not inspected, the appraiser relies on available public records, multiple listing service (MLS) data when available, information provided by the client or property owner (when applicable), and other credible sources. Any information provided by others is considered in accordance with the scope of work and may be subject to extraordinary assumptions or hypothetical conditions when clearly disclosed and appropriate under USPAP.

The appraiser researches and analyzes relevant market data, including comparable sales, pending sales, and active listings, as appropriate for the assignment and current market conditions. Comparable properties are selected based on their relevance and support within the market.

The appraiser develops the applicable approaches to value, as supported by the assignment’s scope of work and available data, and reconciles the resulting value indications to arrive at a well-supported opinion of value. The final opinion reflects the analyses performed and any assumptions or limiting conditions disclosed within the appraisal report.