"Low appraisal" refers to when an expert determines that the value of something, like a property or item, is less than expected or desired. Full definition
Mortgage applications may be turned down because of low appraisals. (consumer.ftc.gov)
Today, for example, nearly a dozen major news outlets ran stories about low appraisals on their real - estate front pages. (homebuyinginstitute.com)
You won't have much luck lowering appraisal fees — since the lender selects the appraiser, you'll likely be stuck paying their costs without much room to negotiate. (realtor.com)