Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

45
Posts
5
Votes
Kenneth Moerschel
  • Rental Property Investor
  • Brooklyn, NY
5
Votes |
45
Posts

Appraisal Is much lower than expected

Kenneth Moerschel
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hi Everyone, Received a lower appraisal for a house than expected. Is there anything I can do to "challenge" the appraisal or is there a way to see if I can get a little more out of the house than what it was appraised for? Any ideas are appreciated. Just looking to do a refinance and we all were a little surprised it appraised for a lot less than expected. 

Most Popular Reply

User Stats

6,630
Posts
7,601
Votes
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,601
Votes |
6,630
Posts
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

In my experience, the only way to "prove" to an appraiser that they came in too low is to provide comps that support the value you think it's worth. If you have a friend who is an agent they may be able to find comps that support your anticipated value. Appraisers run a pretty strict formula so you need to show how they missed something or like Tim said above, find the value add that they missed in their appraisal.

business profile image
Zen and the Art of Real Estate Investing
5.0 stars
9 Reviews

Loading replies...