Hybrid appraisals are a lot like full appraisals which require a physical inspection of the subject property. However, rather than the appraiser doing the inspection of the home as well as working on the research and analytics to produce the appraisal report, the inspection is completed by a different person […]
A desktop appraisal is a property valuation completed at the appraiser’s desk without a physical inspection of the subject property but instead only using property data from assessor tax records and listings & sales data on the multiple listing service (MLS). A full appraisal on the other hand requires the […]
Appraisal Complexity Reports in Profet.ai provide a quick indication of the potential complexity of performing an appraisal and deriving a value for a property. The report provides a simple complexity score in the range 1 – 100 with scores below 50 indicate low complexity and scores exceeding 50 indicate a […]
When is a comp, NOT a comp? There are several instances where this may be the case, the most obvious being Non-Arm’s Length Transactions. But new construction and of course the neighborhood outliers – you know that neighbor who has been doing construction and adding on to their home for […]
The key indicators for the Subject Property location is included in each Profet.ai report. The trend for the last months for the zip code are captured for the following metrics:– Median List Price by Property Type– Median Sold Price by Property Type– Average Days on Market by Property Type– Median […]