Definition
A desktop appraisal is done entirely at the appraiser's office using comparables, photos, and public data—no property visit. It's fast and cheap but less detailed than full inspections. Some lenders accept them; others require full appraisals.
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Desktop appraisals are completed entirely at the appraiser's office using comparable sales analysis, tax records, photos, and public data without visiting the property. These appraisals are appropriate for stable properties with recent interior photos and clear condition. Desktop appraisals cost less and occur faster than traditional appraisals but provide less detailed condition assessment. Some lenders accept desktop appraisals for low-risk transactions while others require full inspections.
Pro Tip
Desktop appraisals might be appropriate for stable properties with recent photos. For major changes, request full appraisal for accuracy.
Example
A refinance on a single-family home two years after purchase completes using a desktop appraisal at $425,000 based on recent comparable sales and available property information.