H
ome appraisals can feel like a judgment day, but appraisers are human and can err. A NerdWallet report shows that even professionals may miscount amenities, overlook major upgrades, or, in worst cases, discriminate. These valuations determine loan eligibility and the amount a bank will lend, and they also affect buyers and sellers who want a fair deal.

    If a homeowner’s appraisal is low, it can derail a sale or hurt future borrowing. The appraisal report is free to the owner; lenders must provide it at least three days before closing. Homeowners should scrutinize the report for mistakes—incorrect bedroom counts, square footage, garage type, roof condition, or omitted renovations can all skew the value.

    When errors are found, the owner can file a “Reconsideration of Value” with the lender, supplying missing data or comparable sales that were overlooked. A real‑estate broker can help a seller communicate appraisal issues to the buyer’s lender. If the appraisal remains unsatisfactory, a second appraisal is an option, though it costs several hundred dollars. For FHA or VA‑backed mortgages, refinancing may be possible without a new appraisal.

    Fair housing laws prohibit discriminatory appraisals. If a homeowner believes discrimination occurred—based on race, color, religion, sex, disability, family status, or national origin—they can file complaints with the Consumer Financial Protection Bureau or the Department of Housing and Urban Development’s Office of Fair Housing and Equal Opportunity. Local fair housing centers can assist in navigating these complaints.