A Hybrid Appraisal is a modern approach to property valuation that combines elements of traditional appraisals with data and technology-driven methodologies. This type of appraisal is often used for certain types of real estate transactions, such as mortgage lending, where efficiency and cost-effectiveness are paramount. The Hybrid Appraisal process aims to streamline the valuation process, reduce turnaround times, and lower costs while still ensuring that a licensed appraiser’s expertise is involved in the analysis and valuation. However, it is essential to note that the use of Hybrid Appraisals may vary based on regional regulations and client preferences.