What do you do if your appraisal comes back considerably lower than you thought? Do you have recourse or can you have the appraisal changed? Unfortunately lower than imagined appraisals are common these days. A few years ago your home was worth considerably more and now that you need to sell, you want to make money.

If you believe that the current appraisal is way off base you can order another appraisal. Every now and then an appraiser can get it wrong. However, before you go through the appraisal process again, take a close look at current home prices in your area and the comparables to determine if a new appraisal is in your best interest. Ordering another appraisal will delay the sale or purchase of the home, leaving the door open to the possibilities of falling values (which could be a good or bad thing depending on which side of the game you are playing). Additionally, you will also need to pay full price for the subsequent appraisal.

In some cases, actual facts are written incorrectly on the report. That is why it’s important to scrutinize the report not only for the overall value but also each detail. Review the report immediately and bring any error to the appraiser’s attention. Back up your findings with documentation and facts to remove the element of bias.

The professionals at AmeriFirst are trained experts at helping you with the appraisal process and working with appraisal reporting. Please contact us today with your questions about how to obtain the most accurate appraisal for your property at 800-466-5626. Contact us online - we are here to answer your questions today!