"depends a lot on the appraiser's openness and the strength of your argument."
That's a great point. I've noticed that too—some appraisers are definitely more receptive than others to reconsidering their initial assessment. In my experience, it helps to frame your comps not just as raw data, but also to clearly articulate the underlying rationale for why they're more relevant. For instance, I once had a property where the appraisal overlooked future zoning changes that significantly impacted value. Once we presented clear documentation and explained the implications, the appraiser was willing to adjust their valuation upward.
Still, it's never guaranteed. Have you found certain types of data or arguments tend to resonate better than others when making these appeals? I'm always curious about what makes an appraiser reconsider their position...
"In my experience, it helps to frame your comps not just as raw data, but also to clearly articulate the underlying rationale..."
True, but honestly I've found that even with solid reasoning, some appraisers just won't budge. Had one completely ignore neighborhood revitalization projects nearby... sometimes it feels like luck of the draw.
That's frustrating for sure... I've seen similar situations where appraisers overlook key neighborhood improvements, and it feels like you're talking to a brick wall. But don't lose heart—sometimes a second appraisal or even a reconsideration request can help. Had a friend recently who challenged an appraisal successfully by clearly highlighting overlooked factors. It's not always easy, but persistence and clear communication can pay off in the end. Hang in there!
"sometimes a second appraisal or even a reconsideration request can help"
Good point, but I'd be cautious about jumping straight into a second appraisal. Those can get pricey pretty quickly, and there's no guarantee it'll come back much higher. Instead, it might be worth starting with a detailed reconsideration request. Gather solid evidence—recent comparable sales, neighborhood upgrades, or even local market trends—and clearly outline why you think the appraisal missed the mark. I've seen this route save folks money and still get results... worth considering before shelling out for another appraisal.
"Gather solid evidence—recent comparable sales, neighborhood upgrades, or even local market trends—and clearly outline why you think the appraisal missed the mark."
Totally agree with you here. I've done the reconsideration route myself and saved a good chunk of change. Second appraisals can feel like tossing money into the wind sometimes... Been there, done that, still have the empty wallet to prove it, lol. Usually, if you clearly point out something the appraiser overlooked, they're open to adjusting. Worth a shot before you fork over more cash.
