Need Some Help Appealing an Appraisal

[Stephanie Medellin]

I recently had an appraisal come back way under what I believe is the current market value.  I am very familiar with this neighborhood and know that this home would sell for more if it was listed for sale tomorrow.

I proceeded to appeal the appraisal and back it up with lots of documentation, but did not have success in getting anything changed.  I still want to pursue this, but I have a few questions.

My questions:

1. Isn't the appraiser supposed to drive by comps and take recent photos? Isn't this part of evaluating the comparable sales? Can they get in trouble for not doing so, and pulling photos off the MLS? He did not appear to have driven by the comps because the photos used in the appraisal were the same photos that were on the MLS (same flowers on the bushes, same sky, same exact brown spots on the grass).

2. When there is a different bedroom and bathroom count on the MLS vs. public records, which are they permitted to use for appraisal purposes? (I've always thought that they couldn't give value to unpermitted additions.)

3.  I've seen other appraisals where a short sale was used as a comp, and it was indicated that it was a short sale, not an arms length transaction.  This appraiser called a short sale an arms length transaction.  He did not address this in his response to my appeal.  What is correct?

I would appreciate any input as well as advice for how to proceed to get this appraisal corrected.

[Wayne Brooks]

The MLS is the best way for an appraiser to assess the interior condition of a property....driving by comp.s is not a requirement.

"I permitted" space, if within the original foot print of the total house is counted here.

A short sale IS an arms length transaction. It may, or may not, been at a slight discount.