What can I do if I disagree with the home appraisal?

Have your agent review the appraisal and see which properties the appraisers chose as comparable and see if you need to order a second appraisal.

May be different in your state. Here in Georgia we would find comparable sold listings form the past 6 months, no more than 5 miles away from the subject property, and resubmit them to the appraiser. There are no guarantees unfortunately.

Hi Natalie. It is a week since your post and I am hoping that you have resolved your issue. I can say that here in PA, it would be the buyer who would have to agree to challenge the appraisal as it is their lender and appraisal. First I look for errors in the appraisal. This is your best argument for a reevaluation of value. If buyer and seller agree to dispute, the agents can submit more appropriate comparable sales in hopes that the appraiser will reconsider. There is usually a form that needs to be completed. Best of luck with your transaction.

Have your agent review the appraisal and see which properties the appraisers chose as comparable and see if you need to order your own appraisal. Does the buyer have contingencies? If not, they will have to pay the purchase price anyway and cover the $10K gap. If they do have contingencies, do they have enough cash to cover the difference? Can you meet in the middle? Can the lender give them any credits? Lots of ways to deal with this. Good luck.

Request a Reconsideration of Value (ROV). You must provide the appraiser with at least three "Better Comparables"—similar homes sold within the last six months that the appraiser missed. Point out specific "Material Errors," such as incorrect square footage or uncounted upgrades (like a new ADU or solar system). If the ROV fails, you can request your lender to order a second appraisal, though you will likely have to pay for it.

You can challenge the appraisal by submitting a reconsideration of value with better local comparable sales and details of upgrades. You can also request a new appraisal (usually paid for by the buyer), or renegotiate the price or terms if the value doesn’t change.