What should you first check if an appraisal comes in low to ensure it was completed correctly?

When an appraisal comes in lower than expected, checking that the appraiser is qualified for the subject property is crucial. This ensures that the individual conducting the appraisal possesses the necessary expertise, knowledge, and credentials related to the specific type of property being assessed. Different properties, such as residential, commercial, or specialty properties, require different levels of specialization. An appraiser without the appropriate qualifications may not fully understand the unique characteristics or market dynamics of the property, potentially leading to an inaccurate appraisal.

Ensuring the appraiser's qualifications serves as a foundation for determining the validity of the appraisal results. If there are issues with the appraiser's qualifications, it can raise questions about the accuracy of the appraised value and may warrant further investigation or a reassessment by a qualified appraiser. This check is an essential first step before considering other actions or corrections related to the appraisal process.