{"id":209112,"date":"2025-05-24T03:40:09","date_gmt":"2025-05-24T03:40:09","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-is-an-appraisal-update\/"},"modified":"2025-05-24T03:40:09","modified_gmt":"2025-05-24T03:40:09","slug":"what-is-an-appraisal-update","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-an-appraisal-update\/","title":{"rendered":"What is an appraisal update?"},"content":{"rendered":"<p>An appraisal update is a process in which a certified appraiser revisits a property and assesses its current value. This updated appraisal is often requested to reflect any changes that may have occurred since the original appraisal was conducted.<\/p>\n<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-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-is-an-appraisal-update\/#FAQs_about_appraisal_updates\" title=\"FAQs about appraisal updates:\">FAQs about appraisal updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-is-an-appraisal-update\/#1_Why_would_someone_need_an_appraisal_update\" title=\"1. Why would someone need an appraisal update?\">1. Why would someone need an appraisal update?<\/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\/what-is-an-appraisal-update\/#2_How_often_should_appraisal_updates_be_done\" title=\"2. How often should appraisal updates be done?\">2. How often should appraisal updates be done?<\/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\/what-is-an-appraisal-update\/#3_What_factors_are_considered_during_an_appraisal_update\" title=\"3. What factors are considered during an appraisal update?\">3. What factors are considered during an appraisal update?<\/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\/what-is-an-appraisal-update\/#4_How_long_does_an_appraisal_update_take\" title=\"4. How long does an appraisal update take?\">4. How long does an appraisal update take?<\/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\/what-is-an-appraisal-update\/#5_Will_an_appraisal_update_affect_my_property_taxes\" title=\"5. Will an appraisal update affect my property taxes?\">5. Will an appraisal update affect my property taxes?<\/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\/what-is-an-appraisal-update\/#6_How_much_does_an_appraisal_update_cost\" title=\"6. How much does an appraisal update cost?\">6. How much does an appraisal update cost?<\/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\/what-is-an-appraisal-update\/#7_Can_I_challenge_the_results_of_an_appraisal_update\" title=\"7. Can I challenge the results of an appraisal update?\">7. Can I challenge the results of an appraisal update?<\/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\/what-is-an-appraisal-update\/#8_Are_there_any_risks_associated_with_an_appraisal_update\" title=\"8. Are there any risks associated with an appraisal update?\">8. Are there any risks associated with an appraisal update?<\/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\/what-is-an-appraisal-update\/#9_What_should_I_do_to_prepare_for_an_appraisal_update\" title=\"9. What should I do to prepare for an appraisal update?\">9. What should I do to prepare for an appraisal update?<\/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\/what-is-an-appraisal-update\/#10_Can_I_choose_my_own_appraiser_for_an_appraisal_update\" title=\"10. Can I choose my own appraiser for an appraisal update?\">10. Can I choose my own appraiser for an appraisal update?<\/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\/what-is-an-appraisal-update\/#11_What_happens_if_I_disagree_with_the_appraisal_update\" title=\"11. What happens if I disagree with the appraisal update?\">11. What happens if I disagree with the appraisal update?<\/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\/what-is-an-appraisal-update\/#12_Can_I_use_an_old_appraisal_report_instead_of_getting_an_update\" title=\"12. Can I use an old appraisal report instead of getting an update?\">12. Can I use an old appraisal report instead of getting an update?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_appraisal_updates\"><\/span>FAQs about appraisal updates:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Why_would_someone_need_an_appraisal_update\"><\/span>1. Why would someone need an appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal update may be needed for various reasons, such as refinancing a mortgage, selling the property, or for insurance purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_often_should_appraisal_updates_be_done\"><\/span>2. How often should appraisal updates be done?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe frequency of appraisal updates depends on the specific circumstances and requirements of the situation. In some cases, updates may be required every few months, while in others, they may only be necessary every few years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_factors_are_considered_during_an_appraisal_update\"><\/span>3. What factors are considered during an appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDuring an appraisal update, the appraiser will consider factors such as market trends, recent sales of similar properties in the area, any improvements or changes made to the property, and the overall condition of the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_long_does_an_appraisal_update_take\"><\/span>4. How long does an appraisal update take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe time it takes to complete an appraisal update can vary depending on the size and complexity of the property, as well as the availability of the appraiser. On average, an update can take a few days to a few weeks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Will_an_appraisal_update_affect_my_property_taxes\"><\/span>5. Will an appraisal update affect my property taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal update may impact your property taxes if it results in a higher assessed value for your property. However, this ultimately depends on the policies and regulations of your local taxing authority.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_How_much_does_an_appraisal_update_cost\"><\/span>6. How much does an appraisal update cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of an appraisal update can vary depending on the location, size, and complexity of the property, as well as the appraiser&#8217;s fees. On average, an update can cost anywhere from a few hundred to a few thousand dollars.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_I_challenge_the_results_of_an_appraisal_update\"><\/span>7. Can I challenge the results of an appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you believe that the results of an appraisal update are inaccurate, you may have the option to challenge them. This typically involves providing additional information or evidence to support your case.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Are_there_any_risks_associated_with_an_appraisal_update\"><\/span>8. Are there any risks associated with an appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile appraisal updates are generally routine procedures, there can be risks involved, such as potential inaccuracies in the appraisal report or the possibility of a lower-than-expected value assessment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_should_I_do_to_prepare_for_an_appraisal_update\"><\/span>9. What should I do to prepare for an appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTo ensure a smooth appraisal update process, it&#8217;s recommended to clean and declutter the property, make any necessary repairs or improvements, and provide the appraiser with any relevant documents or information.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_choose_my_own_appraiser_for_an_appraisal_update\"><\/span>10. Can I choose my own appraiser for an appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn some cases, you may be able to select your own appraiser for an appraisal update, especially if you are hiring one for a specific purpose such as refinancing a mortgage. However, certain lenders or institutions may have their own preferred appraisers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_What_happens_if_I_disagree_with_the_appraisal_update\"><\/span>11. What happens if I disagree with the appraisal update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you disagree with the results of an appraisal update, you may have the option to request a review or second opinion from another qualified appraiser. Alternatively, you can also provide additional evidence or arguments to support your case.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_I_use_an_old_appraisal_report_instead_of_getting_an_update\"><\/span>12. Can I use an old appraisal report instead of getting an update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile you may be able to use an old appraisal report for certain purposes, such as reference or historical value, it&#8217;s generally recommended to obtain a new appraisal update for any current transactions or assessments that require up-to-date information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An appraisal update is a process in which a certified appraiser revisits a property and assesses its current value. This updated appraisal is often requested to reflect any changes that may have occurred since the original appraisal was conducted. FAQs about appraisal updates: 1. Why would someone need an appraisal update? An appraisal update may &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is an appraisal update?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-is-an-appraisal-update\/#more-209112\">Read more<span class=\"screen-reader-text\">What is an appraisal update?<\/span><\/a><\/p>\n","protected":false},"author":53,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-209112","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>What is an appraisal update?<\/title>\n<meta name=\"description\" content=\"An appraisal update is a process in which a certified appraiser revisits a property and assesses its current value. This updated appraisal is often\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/namso-gen.co\/blog\/what-is-an-appraisal-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is an appraisal update?\" \/>\n<meta property=\"og:description\" content=\"An appraisal update is a process in which a certified appraiser revisits a property and assesses its current value. 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