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.
There’s nothing like a sale to finally nail down the market-clearing price, is there? Arguing about the validity of an appraisal is like arguing about the number of angels that can dance on a pin head.