Looking for advice from anyone who's successfully completed a Reconsideration of Value (ROV) on an appraisal.
My primary residence is in the Shady Hollow neighborhood of Santa Ana, CA. My HELOC appraisal came in lower than expected at $900,000 and was expecting ~$1,000,000.
The lender's Appraisal Management Company said they'll consider additional comparable sales as long as they:
-Closed between July 16, 2025 and July 16, 2026
-Were not already used in the appraisal
-Are preferably within Shady Hollow (or a very similar nearby neighborhood)
-Are similar to a 3 bed / 2 bath, ~1,530 sq. ft., 1977-built single-story home with a 2-car garage and updated kitchen/baths
I'm looking for 3–5 qualifying comps and would appreciate any advice from appraisers, Realtors, or investors who have gone through this process.
Have you had success with an ROV? Any suggestions for finding strong qualifying comps or strengthening the submission?