{"id":206226,"date":"2024-10-03T08:53:27","date_gmt":"2024-10-03T08:53:27","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/"},"modified":"2024-10-03T08:53:27","modified_gmt":"2024-10-03T08:53:27","slug":"how-long-is-an-appraisal-recertification-of-value-good-for","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/","title":{"rendered":"How long is an appraisal recertification of value good for?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#How_long_is_an_appraisal_recertification_of_value_good_for\" title=\"How long is an appraisal recertification of value good for?\">How long is an appraisal recertification of value good for?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#1_What_is_an_appraisal_recertification_of_value\" title=\"1. What is an appraisal recertification of value?\">1. What is an appraisal recertification of value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#2_Why_is_an_appraisal_recertification_of_value_necessary\" title=\"2. Why is an appraisal recertification of value necessary?\">2. Why is an appraisal recertification of value necessary?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#3_How_often_is_an_appraisal_recertification_of_value_required\" title=\"3. How often is an appraisal recertification of value required?\">3. How often is an appraisal recertification of value required?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#4_What_happens_if_an_appraisal_recertification_of_value_is_not_done_on_time\" title=\"4. What happens if an appraisal recertification of value is not done on time?\">4. What happens if an appraisal recertification of value is not done on time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#5_Who_is_responsible_for_ordering_an_appraisal_recertification_of_value\" title=\"5. Who is responsible for ordering an appraisal recertification of value?\">5. Who is responsible for ordering an appraisal recertification of value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#6_How_is_an_appraisal_recertification_of_value_different_from_a_new_appraisal\" title=\"6. How is an appraisal recertification of value different from a new appraisal?\">6. How is an appraisal recertification of value different from a new appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#7_Can_the_value_of_a_property_change_between_the_original_appraisal_and_the_recertification_of_value\" title=\"7. Can the value of a property change between the original appraisal and the recertification of value?\">7. Can the value of a property change between the original appraisal and the recertification of value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#8_What_factors_can_influence_the_value_of_a_property_in_an_appraisal_recertification\" title=\"8. What factors can influence the value of a property in an appraisal recertification?\">8. What factors can influence the value of a property in an appraisal recertification?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#9_Can_an_appraiser_use_the_same_comps_for_an_appraisal_recertification_of_value\" title=\"9. Can an appraiser use the same comps for an appraisal recertification of value?\">9. Can an appraiser use the same comps for an appraisal recertification of value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#10_Is_an_appraisal_recertification_of_value_required_for_every_type_of_property\" title=\"10. Is an appraisal recertification of value required for every type of property?\">10. Is an appraisal recertification of value required for every type of property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#11_How_does_an_appraisal_recertification_of_value_impact_the_loan_approval_process\" title=\"11. How does an appraisal recertification of value impact the loan approval process?\">11. How does an appraisal recertification of value impact the loan approval process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#12_Can_the_lender_reject_an_appraisal_recertification_of_value\" title=\"12. Can the lender reject an appraisal recertification of value?\">12. Can the lender reject an appraisal recertification of value?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_long_is_an_appraisal_recertification_of_value_good_for\"><\/span>How long is an appraisal recertification of value good for?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The recertification of value on an appraisal is typically good for a period of 120 days. This means that the value assigned to the property in the appraisal report is considered valid for that duration from the date of completion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_an_appraisal_recertification_of_value\"><\/span>1. What is an appraisal recertification of value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal recertification of value is a process in which the appraiser re-evaluates the value of a property after a certain period of time has passed since the original appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Why_is_an_appraisal_recertification_of_value_necessary\"><\/span>2. Why is an appraisal recertification of value necessary?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal recertification of value is necessary to ensure that the value assigned to the property in the original appraisal report is still accurate and reflective of the current market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_often_is_an_appraisal_recertification_of_value_required\"><\/span>3. How often is an appraisal recertification of value required?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal recertification of value is typically required every 120 days to provide updated information on the property&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_What_happens_if_an_appraisal_recertification_of_value_is_not_done_on_time\"><\/span>4. What happens if an appraisal recertification of value is not done on time?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf an appraisal recertification of value is not done on time, the value assigned to the property in the original appraisal report may become outdated and no longer reflective of the current market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Who_is_responsible_for_ordering_an_appraisal_recertification_of_value\"><\/span>5. Who is responsible for ordering an appraisal recertification of value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe lender or the party requesting the appraisal is typically responsible for ordering an appraisal recertification of value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_How_is_an_appraisal_recertification_of_value_different_from_a_new_appraisal\"><\/span>6. How is an appraisal recertification of value different from a new appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal recertification of value is focused on re-evaluating the value of the property based on the existing appraisal report, while a new appraisal involves a complete reassessment of the property&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_the_value_of_a_property_change_between_the_original_appraisal_and_the_recertification_of_value\"><\/span>7. Can the value of a property change between the original appraisal and the recertification of value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the value of a property can change between the original appraisal and the recertification of value due to changes in market conditions, property improvements, or other factors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_What_factors_can_influence_the_value_of_a_property_in_an_appraisal_recertification\"><\/span>8. What factors can influence the value of a property in an appraisal recertification?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFactors such as market trends, property condition, comparable sales, and economic conditions can influence the value of a property in an appraisal recertification.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_an_appraiser_use_the_same_comps_for_an_appraisal_recertification_of_value\"><\/span>9. Can an appraiser use the same comps for an appraisal recertification of value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraiser may use the same comps for an appraisal recertification of value if they are still relevant and reflective of the current market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Is_an_appraisal_recertification_of_value_required_for_every_type_of_property\"><\/span>10. Is an appraisal recertification of value required for every type of property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal recertification of value may be required for all types of properties, including residential, commercial, and industrial properties, depending on the lender&#8217;s requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_How_does_an_appraisal_recertification_of_value_impact_the_loan_approval_process\"><\/span>11. How does an appraisal recertification of value impact the loan approval process?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal recertification of value provides updated information on the property&#8217;s value, which can affect the loan approval process by ensuring that the property is still valued correctly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_the_lender_reject_an_appraisal_recertification_of_value\"><\/span>12. Can the lender reject an appraisal recertification of value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the lender may reject an appraisal recertification of value if they believe that the updated value provided is not accurate or reflective of the current market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How long is an appraisal recertification of value good for? The recertification of value on an appraisal is typically good for a period of 120 days. This means that the value assigned to the property in the appraisal report is considered valid for that duration from the date of completion. 1. What is an appraisal &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How long is an appraisal recertification of value good for?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-an-appraisal-recertification-of-value-good-for\/#more-206226\">Read more<span class=\"screen-reader-text\">How long is an appraisal recertification of value good for?<\/span><\/a><\/p>\n","protected":false},"author":52,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-206226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How long is an appraisal recertification of value good for?<\/title>\n<meta name=\"description\" content=\"How long is an appraisal recertification of value good for? 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