An appraisal is one professional’s opinion, built from the data available on a given day, and it is not automatically the last word. A reconsideration of value is the standard mechanism for challenging a figure that appears wrong, generally routed through the lender rather than approached directly.
What triggers a reasonable ROV
A factual error in the property description, a comparable the appraiser appears to have missed, or additional closed sales or rental data that were not available or not considered at the time of the report are the strongest bases for a request. A simple disagreement with the number, without new information, rarely succeeds.
The general process
The request is typically submitted through the lender rather than directly to the appraiser, with supporting documentation attached — additional comparables, a corrected fact, or other evidence. The appraiser reviews the request and decides whether to revise the report.
Value ROVs versus rent ROVs
The same basic mechanism applies to a challenged sale value and to a challenged rent opinion on a Form 1007 or Form 1025. Our 1007 rent schedule guide walks through the rent-specific version of this process in detail, including what documentation tends to succeed.
Timing matters
A reconsideration request generally needs to be raised inside the transaction’s existing timelines — the appraisal contingency window on a purchase, or before a rate lock expires on a refinance — because the process itself takes time to complete.
There is no guarantee of a change
An appraiser is not obligated to revise the figure, and a request built on a genuine disagreement rather than new information or a corrected error is unlikely to move the number. A second, independent appraisal is sometimes a separate option some lenders permit when a reconsideration does not resolve the issue.
Appraisal Reconsideration of Value (ROV) FAQ
A formal request asking an appraiser to revisit a figure on a completed appraisal, usually the value or a rent opinion, based on new information or a corrected factual error.
Generally no. It is typically submitted through the lender, who routes it to the appraiser along with the supporting documentation.
A factual error, a missed comparable, or additional closed sales or rental data the appraiser did not have. A disagreement without new evidence rarely succeeds.
Yes. The same basic mechanism applies to a challenged rent opinion on a 1007 or 1025, though the specifics of what documentation helps differ from a value challenge.
It adds time to the transaction, so it needs to be raised promptly within the deal’s existing timelines rather than near a closing or rate-lock deadline.