#1 My appraisal indicates a declining market "but later you write.."
The appraised value is actually higher than the sale price.
#2. The appraisal was for a lot and a proposed house (the house does not exist)
So, if I am reading the Tea Leaves correctly....you want the appraisal to be lower/higher ?????
You will need to review the appraisal and identify what is being used as comparable properties.
Then go to Zillow and Trulia and observe the values they apply, Then discard these numbers for they are completely random and have no value what-so-ever.
Contact your real estate professional and have a Comparative Market Analysis completed. This would have been completed before you even submitted your offer to purchase.
Oh, you may not have used a real estate professional. It is very likely you are not going to use the professional for this purchase so be prepared to do the right thing. PAY FOR THE SERVICE.
If the recent comparable identified by your real estate professional alter the value, you can challenge the appraisal with your findings and establish your comparables are more valid that those previously used. Your challenge can be prepared and submitted by your agent.
We don't get too many High appraisal complaints in this market.