Hi Guest,
Appraisal depends on various factors like comparables in your area, square footage of the property, etc. May be the comparables in your area have sold for a lower price which actually reduces the value of the property.
Appraisal depends on various factors like comparables in your area, square footage of the property, etc. May be the comparables in your area have sold for a lower price which actually reduces the value of the property.
Besides comparables look for other factors like destruction of your locality's greenery or may be crime rate in your neighborhood has gone up considerably because of which demands for properties over there might have reduced to a great extent.