If your house was appraised for 220000 and two months later it was appraised for 165000 what is the logical reason for this great disparity?

Answer 1

I would say with the limited information provided, the most logical answer is that there were two different people or companies providing the two appraisal. Appraising houses isn't much of a science, it is likely two people could disagree.

It Depends on the Trends of real estate Sector, if the trend is going down then your appraised propety maight get down as well. Real estate valuation is based in part on "comparative sales"--how much another house in your neighborhood sold for recently. If someone bought a house in your neighborhood for $165,000 recently and the home was similar to yours, they'll assume your home is also worth $165,000.

You did not specify if the valuation was done by an appraiser or a Real Estate broker? Although values have dropped by a substantial amount in many areas it is unlikely that values have dropped by such a large amount in that short period of time.