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Home Appraisals: Not an exact science
If you have recently bought a home or sold a home, you know from experience that appraisals are not an exact science.  You could have 3 appraisals done on one house and come up with different values.  Granted, they should all be within a close range, but due to the fact that they are subjective, it would not be uncommon to have different values.  The most important aspect of the appraisor is that they are very familiar with the area.  Otherwise, they might end up using recent sales from outside of the neighborhood that should not be used or need adjusting.  The best way for an appraisal to be accurate is using: the most recent sales that are of similar size, quality, location and age.  Here's an article i found discussing appraisals.
clear skies,
Doug Reynolds
www.SellWithDoug.com

What You Must Know About Home Appraisals
By: G. M. Filisko,March 12, 2010
Understanding how appraisals work will help you achieve a quick and profitable refinance or sale.
1. An appraisal isn't an exact science
When appraisers evaluate a home's value, they're giving their best opinion based on how the home's features stack up against those of similar homes recently sold nearby. One ... more

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