If you find an appraisal states that the appraiser did not conduct an on-site inspection, what should your response be?

In a situation where an appraisal indicates that the appraiser did not conduct an on-site inspection, the appropriate response requires a nuanced understanding of the appraisal process and the context of the appraisal itself. Choosing to evaluate the situation based on its specific details allows for a more thoughtful and informed response.

For instance, certain types of appraisals, such as desktop or remote appraisals, may not require an on-site inspection depending on the intended use, the type of property, or specific regulatory guidelines. Understanding the circumstances surrounding the appraisal, including the purpose of the valuation, the characteristics of the property, and the current market conditions, is essential in determining whether the absence of an inspection is justifiable.

Moreover, situations may arise where prior comprehensive inspections or reliable data about the property can mitigate the necessity for an on-site review. Each appraisal is unique, and thus assessing the context can provide insights that lead to a fair evaluation of the appraisal's credibility.

This thoughtful approach contrasts with an outright acceptance or rejection of the report without considering the nuances, or inappropriately reporting the appraiser's methods without context. By deciding based on the situation, you ensure that your response aligns with best practices in the appraisal industry, fostering a fair evaluation process.