Property Valuation
A Wisconsin 'drive-by appraisal' (exterior-only appraisal) is limited in scope because the appraiser:
ACannot access the MLS
BCannot observe the interior condition and improvements of the property✓ Correct
CIs not licensed to view exteriors
DDoes not inspect comparable sales properties either
Explanation
A drive-by (exterior-only) appraisal is limited because the appraiser cannot inspect the interior; the appraiser must make assumptions about interior condition, reducing appraisal reliability.
Related Wisconsin Property Valuation Questions
- The principle of progression in property valuation states that:
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- Wisconsin's DOR (Department of Revenue) 'Statement of Assessment' report provides what type of information?
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