The Top Four Appraisal Questions Explained.
When it comes to Residential appraisals in Orange County, it is common for people to have tons of questions. This is because the terms and jargon provided on the internet to explain the procedure can be challenging to comprehend by someone who isn’t aware of the appraisal. However, we collected a few common questions that every homeowner had before the appraisal was scheduled. Here in this blog, we will try to answer those questions so that you have proper insight. 1- How long will the appraisal report last? The type of loan you opt for determines the expiry date of the appraisal. It can take anywhere between 90 to 120 days for the report to become ineffective. 2- Why can’t the appraisal report last forever? The appraisal report displays the value of your house. And we all know that the property market fluctuates. Even your home’s age or other conditions have a greater impact on the overall value of your property. That is why the appraisal report comes with an expiry date....