Regardless, if you think there's an $8k discrepancy between what you think your property is worth and what the appraiser thinks it's worth and that will make or break a deal for you, there's not enough meat on the bone to make it worth your efforts. 

In fact, if your appraisal came in too high, the underwriters might actually have a problem with that discrepancy.

It's always challenging when unexpected costs and appraisal discrepancies arise.

I learned this value discrepancy first hand when i started my out of state Hard Money lending company in Detroit in 2002.. my clients were picking up houses for 40k  and they were selling them turn key to out of state  ( mainly CA investors) for 120 to 140k and I had a hard time with values.. 

Also told me when I asked him about the rental discrepancy that the numbers he used for the income approach were based on him asking the tenants what they paid...so they either didn't know, or gave him the wrong numbers. 

Hi guys,
So I have this acquaintance who owns 40 properties (SFH) in Illinoi and may be 3-4 in Florida. None of the properties are  paid off, each property cash flows about $500 per month so he was able to quit his j...

Unfortunately, the more complex the financial situation, the more you run into major discrepancies in how your DTI is calculated among different lenders (and even among different underwriters at the same lender). 

Review your tax assessment: Carefully review your property tax assessment to identify any inaccuracies or discrepancies.

Hey @Kenneth Lester - That seems like a large discrepancy...I'd recommend using $165/sf if you are investing in Chicago and that's just a direct construction cost.  

No response from seller other than they have our bid and a cash price offer.We made an offer on Forest Ave in Maple Heights, seller provided limited feedback, so we pulled out due to lack of reliable comps and discrepancies in rent rolls.We are pre-approved for 2 types of financing - hard money and FHA with 203K.