[ProtectOurFreedom]

“not all appraisers come up with the same number”

Just look at big equities with dozens of analysts forecasting the price. The estimates are all over the map. It’s no different with real estate.

[tired&retired]

That’s like saying that you lied about the value of the stock you sold me on the exchange yesterday as it dropped today.

Appraisals are opinions and estimates based upon a lot of facts and circumstances. I’ve been in court many times challenging appraisals. In one instance the property had a big for sale sign in the front yard and was on Multi-List for sale at less than half of the $1.34 million certified appraisal. It had been listed for sale over 6 months.

The appraiser stated on the witness stand under oath that the fact that the property was for sale publically at the time of her appraisal was not relevant to her appraisal. (Appraiser could have been Obama’s daughter)

I bought the property for $525K shortly after her $1.34 million appraisal.

[ExTxMarine]

Just look at big equities with dozens of analysts forecasting the price. The estimates are all over the map. It’s no different with real estate.

Real estate is worse than the Olympic gymnastics or figure skating, and professional boxing scoring! And we see their "difference of opinions" in REAL-TIME!

You take five skilled, professional workers (i.e., electrician, HVAC mechanic, structural engineer, etc.) and give them ONE task to plan...you will get at least TWELVE viable answers!! As John Dalton says in Road House, "Opinions vary."