Some Appraisals are unqualified and do evaluate properly

[Bennie Leija]

I am a builder investor out of the Houston area. 
We went out and pulled two appraisals, one by me and didn’t share in the beginning because I didn’t want my appraisal to be bias. The clients bank (buyer) went out and appraised the house. Their appraisal appraised $90,000 less compared to mine. 
I want to know what can be done in this circumstance as the banks representative stated that my documents are false and forged. I was told to hire another appraisal but as I sit here looking at my accounts, if I accept the offer of $90,000 can I report this as a loss to the IRS? This build took me over 5 months and I basically have done the work for free. 
Is the market having a negative impact on your business as not getting true and better figures?

Enjoy your day

Bennie 

[Caroline Gerardo]

What you need are comparable closed sales that are same or larger square footage with your higher price. Costs are not relevant to a residential appraisal for a conventional lender. If you have better comps please provide the address, sale date, price closed and the appraisal. I have no idea where the subject sits but it takes me 5 hours to do this if I already know the market. An appraiser does not get a license by just passing a test online, they apprentice for two years that's why an assistant went and taped the house, took the photos. You need to prove on paper that there is a major COMPARABLE missing or square footage is wrong not the cost of items, or there is a big mistake in the facts NOT the cost of construction. @Paul Smythe @Zachary Beach  What I spend on improvements may have zero comp value. Things like: having roof, heat, driveway, paint, outlets to hang Christmas lights... things that are taste specific can actually de-value. Having grey paint and grey flooring doesn't add any $ value to a residential appraisal for a lender. My point is: have your comps on detailed spreadsheet that itemizes why your subject is superior or why it's not a good comp BEFORE the appraiser arrives.  You need 3 sales closed last 4 months equal to your subject with the value you believe, it is an opinion of course. Hope this clarifies, it's something I do on every loan the day we start.