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Updated almost 6 years ago on . Most recent reply
what is the best way to dispute a low appraisal?
Hello,
I am purchasing a rental property subject to inspection and appraisal . The purchase price is 81K and the appraisal came out at 90K but the median price sale in the last 6 months was 116K for 14 sales in the last 6 months. In addition, zillow lists the property around 120K. Any suggestions on how to fight a seemingly low appraisal?
Most Popular Reply
Originally posted by @Rolando Garcia:
Hello,
I am purchasing a rental property subject to inspection and appraisal . The purchase price is 81K and the appraisal came out at 90K but the median price sale in the last 6 months was 116K for 14 sales in the last 6 months. In addition, zillow lists the property around 120K. Any suggestions on how to fight a seemingly low appraisal?
Price is $81k, appraisal came in $9k high at $90k. There is absolutely no point in disputing this appraisal... what's the goal, to convince the seller to raise the price on you?