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Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
Guidance Document Change: Providing guidance to real estate appraisers and AMCs on the use of hybrid appraisals
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6/26/19  12:25 pm
Commenter: Bonnie Grant

STOP HYBRID APPRAISALS
 

A hybrid appraisal is valuation completed by a Licensed/Certified Appraiser which is similar to a desktop appraisal and the appraiser rarely visits the property, and the form is much shorter. STOP these appraisals!!!  I no longer do exterior appraisals due to many overlooked items that play a huge part in the final adjusted value of a home. So why would I do a hybrid appraisal to possibly set myself and my business up to fail. This product is a way to get loans approved quickly which overlook many aspects of a boots on the ground appraiser who sees everything. 

HYBRID APPRAISALS ARE DOING THE INDUSTRY NO GOOD!!! PLEASE STOP HYBRID APPRAISALS!!

CommentID: 72740