For Clients – Revision versus ROV and how to submit them
This article explains how to submit a revision or Reconsideration of Value (ROV) through Appraisify.
Revision vs. ROV
- Revision: Corrects or clarifies an error, omission, inconsistency, or other issue in the appraisal report.
- ROV: Requests reconsideration of the value conclusion based on additional relevant market data, corrected information, or concerns with the appraiser’s analysis.
Appraisify will review each request and correct its categorization if needed.
How to Submit a Request
- Open the order from your dashboard and click Reports on the right-hand side.
- Locate the appraisal in the Reports Hub and select Revision or ROV.
- Complete the required fields, attach supporting documentation, and click Submit form.
Deadline for submissions of revisions and ROVs:
- 30 days for ROVs.
- 7 days for revisions.
ROV Requirements
One ROV is permitted per appraisal assignment. Consolidate all concerns and supporting documentation into one request. Additional ROV requests must be escalated to Appraisify’s Chief Appraiser for consideration.
All requests must be professional, factual, and supported by relevant information. Requests must not direct or pressure the appraiser to reach a predetermined value.
Appropriate requests may include:
- Corrected property facts or supporting documentation.
- Additional relevant comparable sales or market data.
- Specific questions about discrepancies or the appraiser’s analysis.
Do not:
- Request a specific value or predetermined outcome.
- Direct the appraiser to use or remove specific comparables.
- Rely on unsupported estimates, such as Zillow or other AVM values, as evidence of market value.
What Happens Next?
Appraisers have 6 hours to respond to revisions and 24 hours to respond to ROVs, subject to applicable order requirements.
Appraisify QC may require additional corrections or clarifications after a response. These follow-up requests are separate from client-initiated ROVs and do not bypass the one-ROV limit.