Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 almost 10 years ago,

User Stats

36
Posts
14
Votes
Matt Sauls
  • Rental Property Investor
  • Redlands, CA
14
Votes |
36
Posts

Low Appraisal - County SF vs. Appraiser SF Question

Matt Sauls
  • Rental Property Investor
  • Redlands, CA
Posted

I just received the appraisal back on an investment property I'm purchasing that came in $5k low.  My purchase price is $140k and it appraised at $135k.  

As I'm scouring the details of the appraisal I'm noticing differences between the appraiser's listed SF for the subject property as well as several of the comps used when compared to the county tax assessor's website.  These differences range from 50sf up to 120sf in some cases.  

When factoring in the adjustment $/sf he is using, these differences in SF would raise the value almost up to my purchase price of my own property and some of the comps.

Do I have a leg to stand on to appeal?  Or, does the appraiser's field measure trump the county website?  What is the most successful way to appeal for those who've had success?

If not able to adjust with the appraiser, does anyone recommend going back to the seller to renegotiate based upon the difference in SF from the listing and what the appraiser field measured?

Loading replies...