Experts offer tips on appealing a low appraisal

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.

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