Several weeks ago ago I had the worst appraisal ever, coming back $40,000 under the offer to purchase. Questioning my abilities to accurately value homes, as well as the listing agents, I was just dumbfounded. I did the research, studied the comparables, and felt totally comfortable with the price my clients had offered. When the appraisal came back $40,000 under the offered price, I was stunned. How could I have gotten things so wrong?