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Updated almost 15 years ago on . Most recent reply

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124
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15
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Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
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Contesting an appraisal

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

Flipping a 3 family...I'm worried that the appraisal won't come in...I've priced it right but it's hard to find 3 units in this shape and taking in the kind of income I'm getting...

My question is has anyone had success in challenging an appraisal?...meaning your appraisal comes in lower than your contract price...

Most Popular Reply

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17,995
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J Scott
  • Investor
  • Sarasota, FL
17,205
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Here's a post I wrote on this topic a few months back:

http://www.biggerpockets.com/forums/312/topics/55307-controlling-your-appraisals

It doesn't talk about contesting the appraisal, but about how to ensure it comes in high enough the first time around...

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