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Updated over 4 years ago, 06/17/2020

User Stats

18
Posts
1
Votes
Jeremy Gengenbach
Pro Member
  • Homeowner
  • Houston, TX
1
Votes |
18
Posts

Appraisal low on refinance, and I would like a reconsideration

Jeremy Gengenbach
Pro Member
  • Homeowner
  • Houston, TX
Posted

My house was appraised for a refinance and the appraisal came back at $160,000, which is significantly under what we expected ($190,000). Our house was built in 2011, in a cookie cutter neighborhood and there is an exact replica of our house under contract after 6 days on the market for $182,500. 

I got comps from 2 separate real estate agents a couple of months ago, and both thought our house would appraise for about $185,000. Our mortgage company expected the home to appraise for $190,000... So I can't help but think that the appraiser may have had an off day. What is the best way to approach this to get a second look from the appraiser? Any suggestions would be appreciated!

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