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Updated almost 5 years ago,
Lender's appraisal- can we challenge it?
We just received lender's appraisal on the property we area selling. While the market is very hot in our area and houses are moving quickly, I am puzzled why comparable houses (number of bedrooms, bathrooms, total sq. ft) that sold within the last 2-3 weeks were not included in the report, while those that sold almost a year ago are included. Has anyone challenged appraisal, on what basis and was it successful?
Grateful for any insight you may provide!