What Can I Do if I’m Not Happy With My Appraisal?

If you receive a low appraisal on your home, first, obtain a copy of the appraisal and review it with your real estate agent. Assess every home the appraiser used to compare against yours and take note of any inaccuracies that could hurt your home’s value. When you write a letter to dispute the appraisal, make sure to address any inaccurate comparisons, improvements, and repairs that weren’t listed. Try to keep the tone neutral in the letter with facts to back up your claims.

Remember that the appraiser may not agree to reconsider your appraisal, so you may need to ask the bank for a new appraiser or hire one at your own cost. Luckily, with some effort, most sellers and buyers can resolve a low appraisal and continue with the sale.

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