How do I go about disputing an appraisal? Came in 20-30k lower than realtor comps, and I feel that the report was done in haste. please help!

Not enough information regarding the type of property etc., but here is what I can share with you. If the appraisal was VA, and it comes in low, it falls under the Tidewater initiative. This allows for 48 hours for the Listing agent to send in supportive data showing cause to raise the appraisal amount. If they do not comply, the appraisal stands. For other disputes, see an article written by an appraiser which focuses on this issue. go tho the following http://activerain.com/blogsview/1342052/how-do-you-appeal-a-bad--low-or-flawed-appraisal-so-your-deal-doesn-t-die-Best of luck!! Scott.

More info needed.. specifically, are you the seller or the buyer? Understand that all appraisal can be disputed.. but if your are the seller, then you can try to dispute the appraisal, but in all likelihood, it's not worth your effort.. If you are the buyer, there's a formal procedure that must be adhered to, and a form that you fill out.. You need to contact the appraisal management company or your lender and tell them you wish to dispute the valuation.. you and/or your realtor must produce DIFFERENT (than what the appraiser used) comparable properties that you feel support your value.. Understanding the rules for appraisers is also helpful.. For example.. the appraiser must use the most "Like" properties... So if your home is 2500sf, 4 bed 3 bath, 2cg with a pool.. then he will first look for similar homes in the 2500sf range with similar features for comparison. He wont compare a 4000sf home against your 2500sf home. He will also look for properties that are closest to the subject property before going out to further distances.. they must first look for properties in your neighborhood.. and they are discouraged from using properties that are across major roads. Example.. your property in east of Main street.. but there are higher comps West of Main street that you feel should be used.. More than likely, he will not use the properties on the other side of Main.. They also will look for properties that have sold in the last 60 to 90 days.. if higher comps sold 6 months ago, then they will be ignored if similar properties sold more recently.. Keep in mind that you are telling an appraiser that he/she didn't do their job correctly.. And most will take offence when someone tries to depute their value.. so, expect some resistance. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347