In the real estate industry, appraisals play a crucial role in determining the value of a property. However, there are instances when realtors may find themselves disagreeing with the appraisal value, especially in the case of a condo. When faced with such a situation, it is essential for realtors to understand their options and take appropriate steps to address the issue. In this blog, we will explore what realtors can do if they disagree with the appraisal value of a condo and provide valuable advice on navigating this scenario.

Review the Appraisal Report

The first step for realtors is to thoroughly review the appraisal report. Look for any errors or inaccuracies in the information provided, such as incorrect square footage or missing upgrades. Take note of any discrepancies that could impact the value of the condo.

Gather Additional Information

Realtors can compile additional information and data to support their case. This may include recent sales of comparable condos in the area, pending sales, or any unique features or upgrades that the appraiser may have overlooked. Presenting this information to the appraiser can help provide a more comprehensive picture of the condo’s value.

Communicate with the Appraiser

Reach out to the appraiser to discuss your concerns and provide the additional information you have gathered. Maintain a professional and respectful tone during the conversation, focusing on the specific discrepancies and presenting your case logically. It’s important to remember that appraisers are human and can make mistakes, so open communication can lead to a better understanding of the situation.

Request a Reconsideration of Value

If the conversation with the appraiser does not yield satisfactory results, realtors can request a reconsideration of value. This involves submitting a formal request, outlining the reasons why the appraisal value should be adjusted. Include supporting documentation and evidence to strengthen your case. The appraiser will review the request and supporting materials before making a decision.

Consult Other Appraisers

Seeking a second opinion from another appraiser can be a valuable step if the disagreement persists. Hire an independent appraiser who is experienced in the local market and has a strong reputation. Their fresh perspective can shed light on any potential issues or discrepancies in the initial appraisal.

Present Your Case to Lenders

Realtors can present their case to the lenders involved in the transaction. Lenders have a vested interest in ensuring accurate appraisals, as it affects loan amounts and terms. Provide the lenders with a comprehensive overview of your concerns, supporting data, and any other relevant information. This can prompt the lenders to reconsider the appraisal value or initiate a review process.

Explore Appraisal Review Options

In some cases, realtors may have the option to pursue an appraisal review process. This involves an independent review of the initial appraisal by a qualified professional. This review can uncover any errors, inconsistencies, or oversights in the original appraisal and provide a more accurate assessment of the condo’s value.


Disagreeing with the appraisal value of a condo can be a challenging situation for realtors, but it’s important to remember that there are steps they can take to address the issue. By reviewing the appraisal report, gathering additional information, communicating with the appraiser, requesting a reconsideration of value, consulting other appraisers, presenting the case to lenders, and exploring appraisal review options, realtors can advocate for a fair and accurate valuation. It’s crucial to approach these discussions and processes with professionalism and a focus on resolving the disagreement amicably. By taking these proactive measures, realtors can ensure that their clients receive a fair assessment of their condo’s value.