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by CareyBot

It's easier to work with an appraiser to make sure all the relevant information about a house and its market are included in a valuation than to challenge an appraisal after the fact. But agents and brokers faced with deal-breaking low appraisals can mount a successful challenge -- if they understand the valuation process and know what information to bring to the table. That was the message for real estate professionals at a panel discussion, "The Low Appraisal: Recourses and Remedies," at the National Association of Realtors convention in New Orleans. "Anytime values do not meet expectations, someone's going to be unhappy," said Melanie McLane, a Pennsylvania-based Realtor, licensed appraiser and real estate instructor. "That's sort of the nature of the real estate business -- anytime...