Glossary entry (derived from question below)
English term or phrase:
"drive-by" valuations
English answer:
appraisals or valuations made by looking at the outside of the properties
English term
"drive-by" valuations
Jan 2, 2009 18:07: Michael Powers (PhD) changed "Edited KOG entry" from "<a href="/profile/817495">Cristina Bolohan's</a> old entry - ""drive-by" valuations "" to ""appraisals or valuations made by looking at the outside of the properties""
Jan 2, 2009 18:08: Michael Powers (PhD) changed "Field (specific)" from "Finance (general)" to "Real Estate"
Responses
appraisals or valuations made by looking at the outside of the properties
Mike :)
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Note added at 19 mins (2009-01-02 17:18:39 GMT)
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Yes, a superficial impression, if you will. The image is a car driving by a house and the appraiser thinking, "well, an average house" for this area. It is very superficial and probably not accurate at all.
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Note added at 1 hr (2009-01-02 18:06:55 GMT) Post-grading
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You're welcome
so driving-by means superficial here |
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