Rethinking Real Estate Valuations and Alternatives to Traditional Appraisals

WASHINGTON/ May 16, 2018 (STLRealEstate.News) — Appraisals are a vital part of the real estate transaction and have traditionally been done in-person by an experienced appraiser, but efforts to reduce costs, increase efficiencies and incorporate more innovation, technology and data in the valuation process are expanding the use of alternative valuation methods.

That’s according to speakers at a real property valuation forum yesterday during the 2018 REALTORS® Legislative Meetings & Trade Expo.

Traditional appraisal alternatives, like hybrid appraisals, broker price opinions and data-driven automated or desktop valuation models, can be incredibly useful and cost-effective tools.

Continue reading Rethinking Real Estate Valuations and Alternatives to Traditional Appraisals at STL.News.



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