Question about appraisals

[Jared Sandler]

Hey, everyone...curious: what do are your thoughts about desktop appraisals versus full appraisals?

[James Rodgers]

Depends on whether you are a seller or a buyer. Usually the desktop appraisal will result in appraising for the contract amount, so in the seller’s favor. 

however, recently we had an appraisal done on a flip in a mixed income community, 35211, and I can prove that the appraiser did not go in person and gave us a low appraisal based on his previous judgments about the area.