This is a very common problem with buyers especially when presenting an offer on a foreclosure that may have multiple offers. This is a complex system but in a nut shell here are some reasons. 1. Appraisers are having difficulty keeping up with the changes in the industry. 2. the new appraisal requirements stemming the Dodd-Frank act have made it difficult for the appraise with the appropriate experience to be selected for the job. The problem third party management companies selecting the appraiser. He or she may not be from your specific community, and therefore not familiar with it. As a buyer you may have to participate with more funds to make the deal work if a loan is involved, or move on to another property.
