Is there any way to dispute a bad appraisal?

No, you are not stuck with it. Rebuttals to an appraisal can be done as long as you have the ammunition to back up your claim. Do your homework. If there are other properties that you Know are comps that have sold and closed within 90 days that are of similar room count, style, sq footage, and upgrades, you should have a shot with disputing. Ask your lender what the process is for a dispute. If they won't back you up, then you have spent the money on an appraisal and you must move on to another lender. However, if you spend $'s on yet another appraisal and it still doesn't come in at the value needed/expected, you need to call it a day.

Joe Metzler answered your question perfectly.. You can dispute the appraisal.. No one will stop you. You will have to have your own ammunition such as supporting documentation and / or additional comparables to support your estimated value. Keep in mind that an appraisal is an experts "Opinion of Value"...Also understand that there's a lot of education and work experience necessary to become an appraiser.. in most cases he has 150 Hours of initial education, has to continually take educational classes each year, worked as an apprentice for another appraiser for a minimum of 2 years, 2000 hours, and that's if he's straight out of appraiser school. Even a newbie fresh out of school is 100 times more qualified to do an appraisal then you or I.. Also note the appraiser has access to multiple sources to help find the most recently sold comparables.. Sources you and I don't have access to.. Rarely if ever will an appraiser change his value.. Especially these days when the housing crisis was partially blamed on the appraisers, so as Joe said.. "Yes, But Not Really!!" 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. 480-287-5714 WilliamAcres.com

Yes you can dispute an appraisal , give me a call I can help advise you how. 855 411 Lend www.HOMEMORTGAGEXPERT.com

You can definitely dispute an appraisal. There are certain rules to following in the dispute. Obviously,derogatory remarks or mere opinions will not be accepted in the dispute process. If you are merelywanting to get more value that is possible. I have gotten accomplished numerous times. I havelost a few too. You can certainly call me about your scenario if you like.

Absolutely, I am working on one right now. Please give me a call at 435-313-7400

Work with your loan officer, who is the one who has to deal with the appraisal management company. Note other comments on this site.

Your success will depend on the quality of the information that can be provided to the appraiser. If you can give them 2 or more sold properties, similar to yours, from within a mile and that have sold in the last 6-12 months that's what it would take to have them adjust your value. I can be done but in my market appraisers are very reluctant to budge. I agree with Dave Metsker... work with your loan officer on this. Good luck to you!

Oh Yeah, and you should but there is a protocol starting with your loan officer. If there is substancial info that is incorrect and Appraisal Management Company doesn't resolve the bad information take your complaint to the states appraisal board.

Yes, but not really... The homeowner can provide a list of what they believe are better comps and submit it to the lender to submit to the appraiser, but 99.99% of the time it will go no where. The appraiser is under no obligation to review of even consider what you provide. Furthermore there is no incentive for them to do anything as they have already gotten paid, and they get to go right back in line to receive the next appraisal order.

Barb pretty much summarized it above, if you can document that a mistake was made or that valid information was left out of the appraisal VERY occasionally an adjustment will be made. This is very rare and the underwriter has to review all the documentation and agree with whatever the final value is. Otherwise, you have to start over with another lender and hope for a better result but there is no guarantee that will work either. Going to another lender does not work for a VA or FHA mortgage.

If this is a purchase, your lender can work with the realtors involved in the transaction to get solid, relevant comparable and submit a request for reconsideration to the Appraisal Managment Company.

Yes you can do a rebuttal but you will need to follow the lenders procedure and have the proof to back it up!

Barb has given you a good assessment. You will need to find additional sales that the appraiser did not use that will support the value you are looking for.

Yes, but it can't be based on emotions - it must be based on fact.

It depends on what you are wanting to do....if it is value....the only thing you can do is to provide recent comps like your home same bed/bath count, sq footage, same style same age..... that sold higher than the comps the appraiser used and ask the Appraisal Mgmt Co to send them to the appraiser to see if he/she will re-look at it. If other parts of the appraisal look wrong to you, then you can make a list of them and submit it to the Appraisal Mgmt Co to see if they agree. It is always up to the appraiser if the value can be changed. It's a difficult process and most appraisers will stick to the value they have given....