What if my appraisal comes in low?
Posted by Mike Seebinger on
What if my appraisal comes in low?
A low appraisal can feel like a setback — whether you're buying or selling. The good news: it doesn't have to derail the transaction. Here’s a clear, practical playbook for what to do next.
Why appraisals come in low
Appraisers estimate the fair market value based on comparable sales (comps), property condition, location, and market trends. Common reasons for a low appraisal include:
- Weak or outdated comps: Nearby recent sales may be lower or not truly comparable (different lot, condition, or upgrades).
- Rapid market changes: If prices moved quickly, the appraiser’s comparable window might not reflect the newest demand.
- Condition issues: Needed repairs, deferred maintenance, or structural…
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