Property Valuation
What is a 'drive-by' or 'exterior-only' appraisal used for in Oregon?
AFor all purchase transactions
BFor refinances or situations where a full interior inspection is not practical, providing a less reliable value estimate✓ Correct
CFor land only, since no interior exists
DFor properties in rural areas where access is difficult
Explanation
Exterior-only (drive-by) appraisals are sometimes used for refinances, quality checks, or scenarios where a full interior inspection isn't practical. The appraiser views the exterior, analyzes comparable sales, and may rely on prior interior data. They provide less reliable values than full interior appraisals and are noted as having a limited scope of work in the report.
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