BAP Blog Apple Valley CA Real Estate - You can appeal an appraisal on your home if it seems to be on the low side
Apple Valley CA Real Estate - You can appeal an appraisal on your home if it seems to be on the low side
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September 28, 2009, by Tom Marti

Apple Valley CA Real Estate appraisals, appealsIf you are selling your home in the Apple Valley area you will most likely have an appraisal on the property.  It is not common but in some circumstances an appraisal could be short or over the true market value of a home.  If you decide to make an appeal of an appraisal keep in mind that your estimate of value needs to be supported with facts not just what you want or thought the property might be worth.  Erroneous appeals most often end up wasting time and delaying transactions.  Appraisers use a standard set of guidelines in determining value and within those guidelines there is sometimes, not always, some wiggle room one way or the other.  While an appraisers main goal is to substantiate a price agreeaded upon by a willing and able, buyer and seller.  Pressure can be brought by lenders, seller and real estate agents in an attempt to reach a certain price.  Recent enactments in laws and rules affecting appraisal, how they are assigned and who can have contact with the appraisal have stirred a lot of dust within the industry.

 

More information regarding Appraisal Appeals

 

 

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