The appraisal process is a crucial juncture in a real estate transaction, where the value of a property is determined by an impartial third party. However, what happens if a buyer receives an appraisal that doesn’t align with their expectations or the agreed-upon purchase price? Can they request a second appraisal? In this blog, we unravel the intricacies of this situation and provide insights into the possibility of seeking a second appraisal.

The Initial Appraisal: A Turning Point

  1. Understanding Appraisal Discrepancies: Appraisals can sometimes vary from a buyer’s expectations due to a variety of factors—differing market opinions, variations in comparable properties, or an appraiser’s unique perspective.
  2. Sticking to the Process: Once the initial appraisal is conducted, it is typically considered binding unless specific conditions warrant a reevaluation.

Requesting a Second Appraisal: A Complex Path

  1. Appraisal Review: If a buyer is dissatisfied with the initial appraisal, they can start by reviewing the report for accuracy and checking if any crucial data was overlooked.
  2. Request for Reconsideration: Some lenders allow for a formal request for reconsideration if the buyer feels there were errors or omissions in the initial appraisal.
  3. Consulting the Lender: If the buyer’s concerns are not addressed through the reconsideration process, they can consult their lender to discuss the possibility of a second appraisal.

Navigating the Second Appraisal Terrain

  1. Lender’s Discretion: While buyers can express their concerns, the decision to proceed with a second appraisal lies with the lender. They assess the validity of the request, the reasons behind it, and whether there’s substantial evidence of inaccuracies or biases in the initial appraisal.
  2. Justifying the Second Appraisal: To warrant a second appraisal, buyers typically need to provide concrete evidence, such as recent comparable sales, property-specific data, or significant improvements that were not considered in the first appraisal.

The Role of the Appraiser

  1. Objective Evaluation: Appraisers, as impartial professionals, strive to deliver accurate valuations based on available data and market trends. If a buyer requests a second appraisal, the appraiser will undertake a fresh analysis, focusing on aspects that were contentious in the initial appraisal.
  2. Addressing Concerns: The second appraisal process is often about addressing specific concerns raised by the buyer and verifying the accuracy of the initial report.

Factors to Consider

  1. Cost and Time: Opting for a second appraisal comes with costs and potential delays. Buyers should weigh the benefits against the expenses and timeline.
  2. Collaboration with Realtors: Realtors play a pivotal role in this process, as their insights can help buyers make informed decisions about pursuing a second appraisal.


The option to request a second appraisal exists, but it’s not a straightforward path. The key is to approach the situation thoughtfully and with a clear understanding of the reasons behind the appraisal discrepancy. While the process might be more intricate than anticipated, it reflects the complexity of property valuation and the meticulousness required to ensure accurate outcomes. Buyers should collaborate with their lenders, engage with real estate professionals, and gather relevant data to make an informed decision about seeking a second appraisal. After all, the objective is to reach a valuation that aligns with market realities and meets the expectations of all parties involved.