Just another reason to get rid of appraisers, most are completely worthless and many real estate agents. When I did the refinance of my home back in Jan 2020 the appraiser appraised my home for $1.18m when I bought it in 2016 for $1.15m and put over $100k in upgrades in it. The moron used the price per SF from 2-level closed comps in the tract to value my home. Thankfully my LTV was so low that it made no impact to my loan pricing. When I got my HELOC in July the appraised value was $1.4m, still low but not as stupid as $1.18m in Jan. haha