Submit Content

Ask Adam: Errors on Appraisal

Ask Adam Real Living header

This regularly-scheduled sponsored Q&A column is written by Adam Gallegos, Arlington-based real estate broker, voted one of Arlington Magazine’s Best Realtors of 2013 & 2014. Please submit your questions via email.

Q. We are buying a house and the appraisal just came back. The value they quoted is above the sales price we agreed to, but I noticed a couple errors on the appraisal report.  For one, it listed the basement level bathroom as a half bathroom, but it is actually a full bathroom. Should we report this to the lender and appraiser? 

A. I think that homebuyers get confused sometimes about the purpose of the appraisal. Unlike a home inspection that is in place for the protection of you the buyer, the appraisal is a requirement of the mortgage process to protect the lending institution. You’ll notice that they are the ones who chose the appraisal company.

They want to make sure that if they are going to lend hundreds of thousands of dollars towards the purchase of your new home, that it meets their basic criteria and the value is at least that of your contract sales price.

The appraiser is not performing a separate home inspection, but they are making sure that certain items are in place. They may even check that the appliances and vital systems within the home work properly. The condition of the home should be safe, livable and resellable.  They are comparing the home to similar sales within a defined radius and timeline to determine the value.

Not to get too sidetracked, but appraisals are subjective. You can have 10 appraisers come up with 10 different values. The fact that your particular appraiser determined that the value is above the contract sales price means that you can move forward with the purchase without having to bring extra money to closing or trying to re-negotiate the sales price with the sellers. To learn more about how appraisals and appraisal contingencies work, please see my past article.

If the appraisal had come in low and you had evidence to dispute the appraiser’s sloppy work and miss-evaluation, then I would fully encourage you to challenge the appraisal. In this case there really is not anything to gain by reporting errors to the lender or the appraiser.

If you would sleep better at night having this cleared up then please go ahead and report the discrepancies. Based on what you have shared with me I don’t see how it can do any harm.

Thank you for this week’s question. Please keep them coming to [email protected] This is also a great place to reach me for anyone looking to buy or sell a home in the Arlington area.

The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of

Recent Stories

An art installation in the shadow of the under-construction first phase of Amazon’s HQ2 is getting taller. Last month, crews began laying the groundwork to build “Queen City” by Nekisha…

Capriotti’s Sandwich Shop in Rosslyn appears to have made its last sub. The Delaware-founded and currently Las Vegas-based fast-casual sandwich chain seems to have closed its eatery on the ground…

It’s almost as automatic as Steph Curry draining free throws at this point. Whenever there’s a soaking rainfall, it seems that some drivers cannot help but slide off the road…

Morning Notes

Boy Struck By Driver — “13yo boy on bike struck in crosswalk. S Carlin Springs Rd & 3rd St South, Arlington, VA… Driver did stay on scene. Severity of injuries…

INF Care Virtual Concierge is a new and inviting option to remote assistance that leverages the best of what technology should encompass with quality interaction.

For the busy individual that needs a way to reduce stress and tackle caring for an older family member that lives alone.


For the maturing adult that just needs help with everyday tedious tasks, connectivity, and access to data on their everyday habits to pinpoint areas that need more attention.

Read More

Submit your own Community Post here.

Looking for a more convenient way to work out?

On the Go Fitness Pro offers in home personal training. We bring the gym to you, so you can save time and skip the hassle of going to the gym. Plus, our trainers are certified and experienced, so you can be sure you’re getting the best possible workout.

We provide all the equipment needed for a great workout or we can use the equipment that you have.

Schedule a free consultation today and see how we can help you achieve your fitness goals.

Read More

Submit your own Community Post here.

Mini Photo Sessions for Family & Pets

Mini Family & Pet Photo Sessions
Beat the rush and sign up to get your holiday photos now!

Bring your kids! Bring your dogs!

Check out the DeSilva Studios website. Look at the images and see if you like them

Vini Franchetti Wine Dinner

Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!

Sunday, Oct 9 @ 6pm

Special Guest: This wine dinner we will be hosting the wine maker


Subscribe to our mailing list