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Updated over 5 years ago on . Most recent reply

User Stats

36
Posts
3
Votes
David Lewis
  • Rental Property Investor
  • Mankato
3
Votes |
36
Posts

Low appraisal in Central Texas

David Lewis
  • Rental Property Investor
  • Mankato
Posted

Hey BP family!  I had my first appraisal come back significantly lower than expected and don't agree with many (well any, unfortunately) of the comps used in the appraisal.  My agent and I thoroughly reviewed the appraisal and came up with better comps.  Do y'all have any recommendations about how to present our findings in an email without coming off the wrong way?  Obviously we don't want to offend the appraiser... Thank you!!

Most Popular Reply

User Stats

169
Posts
107
Votes
Poem Turner
  • Real Estate Agent
  • Georgetown, TX
107
Votes |
169
Posts
Poem Turner
  • Real Estate Agent
  • Georgetown, TX
Replied

Is your offer price the issue? Did you offer over asking? 

If not, this is exactly what your agent should be well versed in. The fact you're here seeking help should tell you not to use them and/or their brokerage again. Without representing you, those of us with Texas licenses can't really offer specifics on how to interact with the appraiser in this scenario.

Best of luck!

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