Asked by Kamlesh Kamdar, 94583 • Fri May 8, 2009
I bought a house in Dublin Ranch in September 2008 which was appraised at $950,000. I am in process of refinancing. The appraisal came at $830,000 (average of top 3 comparable was $842,000 and average of top 5 comparable was $857,000), so why appraiser is valuing at $830,000? Also, the cost basis went down by $125,000. Does it cost $125,000 less to build houses?
What can I do to challenge appraisal?
Real Estate in Dublin
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