What best describes a desktop appraisal?

A desktop appraisal is defined as an evaluation that is primarily based on available data and does not require an on-site visit to the property in question. This method relies on existing information such as recent comparable sales, property records, and other relevant data that can be accessed remotely. It is particularly useful in situations where a full on-site inspection is either not feasible or necessary.

This type of appraisal is typically quicker and less expensive compared to traditional methods that necessitate a physical inspection. By utilizing comprehensive data analysis, appraisers can still provide reliable opinions of value even without direct access to the property. Other approaches, such as those that involve a full inspection or a visual assessment, do not align with the characteristics of a desktop appraisal, which explicitly distinguishes itself by its reliance on existing data rather than hands-on evaluation.