How long is a home appraisal good for?

Answer Due to fluctuating home values, banks tend to accept appraisals only while a loan associated that particular home appraisal is being processed. According to the HUD mortgagee letter 2009-30, apprai... Read More »

Top Q&A For: How long is a home appraisal good for

How long is a home appraisal valid?

According to real estate appraiser David Taylor, home appraisals are usually good for three to six months. However, you may need to get a new appraisal on your home sooner if the housing market exp... Read More »

How long is an appraisal good for when shopping for a mortgage?

Lenders will accept appraisals for mortgages for up to 90 days from the date the appraisal was conducted. If a loan doesn't close before the appraisal expires, it will have to be re-certified.Refer... Read More »

How to Get a Home Appraisal Versus a Tax Appraisal?

Every property has a tax appraised value. The city or county sets this value and uses that number to determine how much the property taxes for that house will be. The city appraiser doesn't go in t... Read More »

What happens in a home appraisal?

The Uniform Standards of Professional Appraisal Practice and the Appraisal Foundation define an appraisal as the process of creating an opinion of value for a property. Usually, an appraiser comes ... Read More »