Originally Posted By: BradB
So exactly what data are you using to determine if the appraiser is actually low. Have you found more recent sales of homes that are more similar to yours than the comps he used? If so, did you show them to him and ask why he did not consider them?Even if you found new comps do you have the knowledge to accurately analyze them and make market supported adjustments for any dissimilarities between your home and the comp? Accurately valuing a property is often not as easy as it may appear and there is always some subjectivity because the market is far from perfect.Especially, I assume, in more rural areas with fewer sales and large differences in lot sizes and home types.

Of course the guy may just be a poor appraiser, there are plenty out there. I have been an appraiser for over 30 years but have not done a house in over 25 and am very grateful for it. Governmental regulation has pretty much strangled the ability of the residential appraiser to actually appraise, its mainly checking boxes. It also destroyed the relationship between the appraiser and the lender. At one time the lenders could weed out the incompetent, and did, but now it is simply how fast and how cheap.

I hope you find a solution to your problem.





I'm basing it on the fact that you can't buy a comparable house for what he's saying it's worth and all the comps he's using aren't comparable.