Appraisal Question

[Leo A.]

After finally getting my first short sale(buy and hold) in escrow, the appraisal result came back. Need some advise from fellow BP members:

- Appraiser did not include the permitted partial garage conversion. Based on the report, appraiser describe that the public records indicate the subject property as 1,3xx sqft of living area, however during the inspection it was found to have only 1,1xx sqft. The partitioned area have been included in public records but causes a functional obsolescence, therefore adjustments were made.

Due to above findings, this will hurt my ARV if appraisers will only use the lower square footage. I asked to renegotiate the price but due to short sale, looks like a slim chance that bank will adjust.

Any input is greatly appreciated.