How can an appraiser value my home almost $20,000 less than Zillow and Redfin?

Answer

It is possible that Zillow and Redfin are making assumptions about the features associated with your home, while the appraiser with their first-hand look did not find these features. They could also be using different sales to calculate their comps. Keep in mind that appraisers tend to be conservative by nature, especially after the financial crisis of 08/09, which called some of the actions of those in that line of work into question.

Updated on April 20, 2018

Original Article:

How to Increase Your Home's Zillow Zestimate
By John Coviello
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