How Long are Home Appraisals Good For? A Comprehensive Guide
AuthorAmanda Dodge. Date:
A home appraisal is an expert’s estimation of how much a home is worth. This step is important when you are buying or selling a home because it can guide you to a fair and reasonable price. A fresh appraisal helps both the buyer and the seller agree on a price that makes sense. But do keep in mind, the value stated in an appraisal doesn’t last forever. In this article, we will explore how long home appraisals are generally considered good and why this time frame is important to keep in mind. Let’s get started… How long are home appraisals good for? When you get an appraisal, your lender will review how long the report is good for. In most cases, an appraisal expires after 90 days but can be valid for up to six months. If the market is currently volatile, the appraisal might expire after only 30 … Continued
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