Appraisals are such a joke. We had an appraiser say that my new construction was going to appraise at $100k under cost -- so my broker fired him, ate the fee, a

Appraisals are such a joke. We had an appraiser say that my new construction was going to appraise at $100k under cost -- so my broker fired him, ate the fee, and hired an old friend of his instead. She gave us the number we needed and the deal closed. Then again, the finished house then appraised at $50k _over_ cost 12 months later when I converted the construction loan, so maybe the first appraiser really was nuts.