Reconsideration of Value

Reviewing Another Appraiser’s Work

One of the fastest-growing areas in the appraisal industry is the reconsideration of value. With increasing concerns around appraiser bias, major shifts in supply and demand, and the need to enhance consumer protection, there’s now a formal process in place for appealing a lender’s appraisal.

In many cases, this service starts with a consultation, often charged at an hourly rate, but can evolve into a full appraisal service if needed. I’ve found that many listing agents and buyers, especially in For Sale by Owner situations, turn to these consultation services when they need support in navigating disputes over appraisal values.

Another growing issue is the reliance on Automated Valuation Services (or AI-based tools). While these internet-based services can offer value indications, they aren’t always right. Real estate is unique, and it’s often more complex than what an algorithm can grasp—sometimes the computers just get it wrong!

If you’re dealing with an appraisal, you believe is unsupported, deficient due to improper practices, or potentially influenced by discriminatory practices, you have the right to appeal that opinion of value. I’m here to help guide you through that process and ensure that the appraisal in question is thoroughly and fairly reconsidered.

Appraisal Review

Ensuring Compliance and Accuracy

Lenders and other users of appraisal services often seek outside verification or review of work completed by other appraisers. This is typically to ensure that the report complies with USPAP (Uniform Standards of Professional Appraisal Practice). Many lenders have internal quality control processes that require random reviews or verifications, but there are also times when an external review is necessary—whether for legal disputes, addressing concerns, or simply providing a second opinion.

Sometimes, there’s doubt about whether the original appraisal is as compliant or accurate as it should be, and that’s when a fresh set of eyes can make all the difference. I offer that kind of service, providing an objective, thorough review to ensure everything meets the required standards.

If you’re in need of an appraisal review to confirm accuracy or compliance, I’m here to help provide the clarity and confidence you need.

Appraisers talk to each other—at least the successful ones do. Real estate is challenging, and sometimes you need another set of eyes or someone to discuss unique issues with. Smart appraisers know the value of a solid internal review process, and peer review is a key part of that. Having another qualified appraiser look over your work ensures accuracy, consistency, and quality. It’s something I’ve always valued, especially when I had a larger practice. I believe peer review was one of the secrets to our success.

Typically, peer review is a flat-fee service, with a clearly defined scope of work agreed upon upfront. It’s an efficient way to ensure that your appraisal reports meet the highest standards before they’re finalized.

While I’m not currently supervising new trainees, I’m proud to have mentored over a dozen individuals into the industry—many of whom are still practicing today.

Peer Review

A Collaborative Approach to Appraisal Quality

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