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Appraisal on Lower Level
We just have an appraisal done on a home that my buyer has made an offer.  The appraisal came back considerably lower than the contract price and raised some issues with me.  The home has a lower level (below grade) with a walk-out.  The appraiser (before adjustments) gave the main level a dollar/sq.ft. of $99.  The finished lower level that is really very well done received 33 per sq.ft.  I had previously thought that the lower level normally receives 50% of the main level.  I am curious as to the experience of others.
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