Your rights and options when a home is appraised
How comparables are chosen
Know this
Appraisers look for recent sales of similar homes nearby, matching size, age, condition and features as closely as they can. When a comparable differs, they adjust its price up or down for the difference. Reviewing the comparables and adjustments in your report is the best way to spot errors.
Last reviewed against the primary sources listed below.
Check each comparable
- Distance and sale date.
- Size, bedrooms and bathrooms.
- Condition and major features.
Appraisal questions
How do appraisers choose comparables?
They pick recent nearby sales of similar homes and adjust for differences.
Can I suggest comparables?
Yes, through a reconsideration of value request to the lender.