How "recent" is recent? Also, was the appraiser familiar with the area? An appraisal is really just an opinion of value, and some of the recent changes in regulations resulted in appraisals being done by folks who were from a different part of town, or different part of the state. If the appraisal was within the past 6 months, you might want to check with another Realtor before signing a listing agreement. If the second Realtor agrees with the lower price, then the appraisal may be incorrect. - Sun Dec 6 2009, 10:43