{"id":212253,"date":"2024-02-01T20:44:59","date_gmt":"2024-02-01T20:44:59","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-long-does-an-appraisal-last-for\/"},"modified":"2024-02-01T20:44:59","modified_gmt":"2024-02-01T20:44:59","slug":"how-long-does-an-appraisal-last-for","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-long-does-an-appraisal-last-for\/","title":{"rendered":"How long does an appraisal last for?"},"content":{"rendered":"<p>An appraisal, which is an evaluation of a property&#8217;s value conducted by a licensed appraiser, typically lasts for around six months. This means that the appraisal report is considered valid for six months from the date it was completed.<\/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\/how-long-does-an-appraisal-last-for\/#How_often_do_appraisals_need_to_be_updated\" title=\"How often do appraisals need to be updated?\">How often do appraisals need to be updated?<\/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\/how-long-does-an-appraisal-last-for\/#What_happens_if_an_appraisal_expires\" title=\"What happens if an appraisal expires?\">What happens if an appraisal expires?<\/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-does-an-appraisal-last-for\/#Can_appraised_value_change\" title=\"Can appraised value change?\">Can appraised value change?<\/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-does-an-appraisal-last-for\/#Why_do_appraisals_expire\" title=\"Why do appraisals expire?\">Why do appraisals expire?<\/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-does-an-appraisal-last-for\/#What_can_affect_the_validity_of_an_appraisal\" title=\"What can affect the validity of an appraisal?\">What can affect the validity of an appraisal?<\/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-does-an-appraisal-last-for\/#Can_you_use_an_old_appraisal_for_a_new_loan\" title=\"Can you use an old appraisal for a new loan?\">Can you use an old appraisal for a new loan?<\/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-does-an-appraisal-last-for\/#Is_it_possible_to_extend_the_validity_of_an_appraisal\" title=\"Is it possible to extend the validity of an appraisal?\">Is it possible to extend the validity of an 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-does-an-appraisal-last-for\/#Do_appraisers_revisit_properties_for_updates\" title=\"Do appraisers revisit properties for updates?\">Do appraisers revisit properties for updates?<\/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-does-an-appraisal-last-for\/#Can_appraisers_use_old_comparables\" title=\"Can appraisers use old comparables?\">Can appraisers use old comparables?<\/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-does-an-appraisal-last-for\/#How_long_does_it_take_to_get_an_appraisal\" title=\"How long does it take to get an appraisal?\">How long does it take to get an appraisal?<\/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-does-an-appraisal-last-for\/#What_should_I_do_if_I_disagree_with_an_appraisal\" title=\"What should I do if I disagree with an appraisal?\">What should I do if I disagree with an appraisal?<\/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-does-an-appraisal-last-for\/#Are_home_inspections_the_same_as_appraisals\" title=\"Are home inspections the same as appraisals?\">Are home inspections the same as appraisals?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"How_often_do_appraisals_need_to_be_updated\"><\/span>How often do appraisals need to be updated?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt is recommended to update an appraisal every six months to a year, especially if there have been significant changes in the real estate market or the property itself.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_an_appraisal_expires\"><\/span>What happens if an appraisal expires?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf an appraisal expires before a property is sold or refinanced, a new appraisal will need to be conducted to determine the property&#8217;s current value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_appraised_value_change\"><\/span>Can appraised value change?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the appraised value of a property can change over time due to factors such as market fluctuations, property improvements, or changes in the surrounding area.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_appraisals_expire\"><\/span>Why do appraisals expire?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisals expire because the real estate market is constantly changing, and the value of a property can fluctuate over time. An outdated appraisal may not accurately reflect the current market value of a property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_can_affect_the_validity_of_an_appraisal\"><\/span>What can affect the validity of an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFactors such as market conditions, property improvements, changes in the neighborhood, and the passage of time can affect the validity of an appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_you_use_an_old_appraisal_for_a_new_loan\"><\/span>Can you use an old appraisal for a new loan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nLenders generally require a current appraisal for a new loan, as they want to ensure that the property&#8217;s value is accurate and reflects the current market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_it_possible_to_extend_the_validity_of_an_appraisal\"><\/span>Is it possible to extend the validity of an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn some cases, appraisers may be able to provide an update or recertification of an existing appraisal to extend its validity. However, this is at the discretion of the appraiser and may not always be possible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_appraisers_revisit_properties_for_updates\"><\/span>Do appraisers revisit properties for updates?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisers typically do not revisit properties for updates unless specifically requested to do so. Updates to an appraisal are usually based on additional research and market analysis.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_appraisers_use_old_comparables\"><\/span>Can appraisers use old comparables?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisers may use older comparables in an appraisal report if they are still relevant and reflective of the current market conditions. However, newer and more recent comparables are generally preferred.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_long_does_it_take_to_get_an_appraisal\"><\/span>How long does it take to get an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe appraisal process can take anywhere from a few days to a few weeks, depending on factors such as the availability of the appraiser, the complexity of the property, and the current workload of the appraiser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_I_do_if_I_disagree_with_an_appraisal\"><\/span>What should I do if I disagree with an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you disagree with an appraisal, you can request a review of the appraisal or provide additional information to support your opinion. In some cases, a second appraisal may be warranted.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_home_inspections_the_same_as_appraisals\"><\/span>Are home inspections the same as appraisals?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, home inspections and appraisals serve different purposes. A home inspection evaluates the condition of a property, while an appraisal determines its market value. Both are important steps in the real estate process. <\/p>\n<p>In conclusion, an appraisal typically lasts for around six months before it expires. It is important to keep in mind that the value of a property can change over time, so updating an appraisal regularly is essential for accurate valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An appraisal, which is an evaluation of a property&#8217;s value conducted by a licensed appraiser, typically lasts for around six months. This means that the appraisal report is considered valid for six months from the date it was completed. How often do appraisals need to be updated? It is recommended to update an appraisal every &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How long does an appraisal last for?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-long-does-an-appraisal-last-for\/#more-212253\">Read more<span class=\"screen-reader-text\">How long does an appraisal last for?<\/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-212253","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 does an appraisal last for?<\/title>\n<meta name=\"description\" content=\"An appraisal, which is an evaluation of a property&#039;s value conducted by a licensed appraiser, typically lasts for around six months. 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