Traditional Appraisals vs. New Tech: What I’ve Seen in CRE

[Susanna Hayrapetyan]

Over the

I’m curious — has anyone else here tried newer appraisal platforms? Did you find the time savings past few years, I’ve been on both sides of commercial appraisals — working with traditional firms and now experimenting with newer platforms like Bowery.

Here’s what stood out to me:

Speed: Traditional appraisals often took weeks, sometimes delaying closings. With tech-enabled platforms, turnaround time has been noticeably shorter.

Consistency: Reports feel more standardized, which helps when multiple lenders are reviewing.

Transparency: Having clearer timelines and updates reduces a lot of lender anxiety.

real, or is it mostly marketing hype?