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My wife and I are about to take our 3-family house and convert it into a one family in Carroll Gardens, and for part of the renovations we wanted to use a HELOC line.

The bank (Citi) is about to send over an appraiser.

I guess my question is what we should expect in terms of the difference between what we think the “market” price is currently for our four story Carroll Gardens townhome versus where the appraisal will come in.

I would presume bank appraisers right now are rather conservative, but if we think the price of our brownstone if we were to sell is around $2M, could we expect that a bank appraiser could come in well under this?