Agent

Silver lining in low appraisal?

A real estate wake-up call for sellers
Published on Aug 10, 2010

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by CareyBot

DEAR BARRY: Our home was just appraised, and the results were disappointing. The assessed value was $100,000 lower than our previous appraisal one year ago. This totally shocked us, given the recent improvements in the economy and the housing market. What are our options for handling this lower-than-expected appraisal? --Aaron

DEAR AARON: This column typically addresses property defect and disclosure issues, rather than property values. But the conditions that affect appraisal values are apparent to nearly everyone who participates in real estate transactions on a daily basis, including agents, home inspectors, pest control operators and others. So here is one home inspector's opinion.

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