Appraisal came in 1542 sq ft short!
What the heck?! Our bank did the appraisal last week and we just got the results. The house we put an offer on is 3162 square feet. The appraisal says it's 1620 sq ft.
We have 2 days left on our 10 day 'inspection period' before we lose our $10,000 earnest money. The bank has promised to get back to me today about the discrepancy. The only possiblity I can come up with is that for some reason the appraiser didn't include the basement in the square footage. The basement is heated, and covered in linoleum. There is a bedroom and bathroom down there but neither is included in the appraisal. Any clues?