how long does an appraisal last
Under most loan guidelines, appraisals do not have a set expiration period. However, because lenders want comps that are no more than six months past, an appraisal should be no more than six months old.Most appraisers and lenders agree six months is the maximum amount of time that an appraisal holds a valid value, referred to as the âterm of validity.â.n this kind of market, lenders may want an appraisal to be no more than 90 to 120 days old. FHA guidelines once called for an appraisal to be considered valid for six months until January 2010.