What is a "drive-by appraisal"?

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A "drive-by appraisal" is defined as a method where the appraiser evaluates the property from the exterior without entering the building. This type of appraisal typically involves the appraiser assessing key features such as the property’s size, condition, and overall appearance from the street.

This approach is often used when a full interior inspection is not feasible or necessary, such as in situations where the primary goal is to quickly gauge the property's general value based on its external characteristics. It is particularly useful in scenarios where time and costs are constraints or when the client requests a more straightforward assessment.

While the other options mention various appraisal or market analysis methods, they do not describe the specific nature of a drive-by appraisal. For example, a comprehensive interior inspection would require entering the building, which differs significantly from the drive-by method. Similarly, conducting a market analysis remotely or relying solely on online data does not align with the direct visual assessment conducted in a drive-by appraisal.

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