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Strictly speaking, the home appraisal is valid on the day it is signed and dated. The courts and the IRS generally recognize an appraisal as valid if it is less than a few months old. As a general rule of thumb, an appraisal should be considered out of date if it is more than six months old, under most market conditions. When prices are changing quickly, as they have over the last few years, even six months is too long. The value of your home can change the next day due to outside conditions. A free way is going to be built in front of your home. A person living next door is murdered in his home. These are unlikely and exaggerated conditons, of course. Generally, real estate values change in an orderly fashion determined by larger market conditions.

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โˆ™ 2006-05-01 00:39:59
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Q: How long is a home appraisal valid to calculate the value of the house and can the value of a house go down in high growth markets?
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Related questions

What is an example sentence using the word appraisal?

The house appraisal was disappointing to the owners. The appraisal of the new candidate resulted in a permanent offer being made.

How do you calculate the value of a new house?

It is called an "appraisal" and can be done by any licensed real estate appraiser in your area. It should incorporate the features of the house, the location, and recent comparable sales in the area.

How do you get an appraisal of a Coco Chanel little black dress?

You can get an appraisal at Auction house, Costume Apprasal firm, or even a FIT (Fashion Institute of Technology).

What is the value of my 1845 ames pistol?

You need a professional appraisal or an auction house.

How do you calculate the size of a dry well for a house?

Answering "How do you calculate the size of a dry well for a house?"

How do you calculate plinth area of house?

To calculate plinth area of a house, you would calculate the thickness of walls that external along with the entire carpet.

How do you convert the house price index to growth percentages?

The House Price Index should be compared to the annual growth rate. By dividing the marginal growth rate by the HPI during a time parallel. The House Price Index is converted into its marginal growth percentage rate.

Where can one find appraisal on real estate?

"You could get an appraisal on real estate by asking a real estate agency to come to your house and appraise it for you. You will probably have to pay for this service, but it's the best way."

How to calculate the whole area of your house in meters square?

We can calculate the area by taking out the product of the length and the breadth of the house

What is an example between resource markets and product markets?

Let me explain with a house/flat sale. Resource market for this includes the labor that includes to build a house, and also the window grills, wooden doors and all other things which should be necessary to build a house. Product market for this the market to which the house is sold.

How much does a condo or a house cost?

There is no standard amount, pricing being determined by individual markets where the condominium or house may be located.

If john can paint a house in 5 hours and joe can paint a house in 3 hours how long will it take for both of them to paint the house?

The way you calculate this (assuming that both work at constant speed) is:* Calculate what part of the house each person can paint in an hour. * Add both fractions together, to calculate what part of the house you can paint together. * Take the reciprocal of this last result, to calculate the number of hours.

How do you calculate ACH50 a house?

ACH50 = CFM50 x 60 / house volume

Will you have instant equity when you build a new house?

Not necessarily, it depends on the market and the price of homes around yours. The only way to know is lets say you built a house that cost you 300,000 and your appraisal for the bank is the same amount, then no equity yet. If the appraisal is 400,000 the you have 100,000 worth of equity right away. When you start paying down the loan on the house that is equity too, for the amount you've paid off and the worth of the house.

Can bleach improve house plants growth?

No. It hinders it.

What is waffle house stock worth bought in the nineties?

Waffle House is a privately held company, they don't trade stock on public markets.

If you did not pay for your home do you pay capital gains when you sell?

I assume you mean it was a gift or inheritance? You calculate your capital gain by subtracting the adjusted basis from the net sales price and if that's a profit, you pay tax. If you lived in the house and owned it for at least two of the previous five years, the first $250,000 of profit is tax-free ($500,000 if married filing jointly and your spouse also lived there for two years). Your basis is determined differently depending on whether it was a gift or inheritance and, in the case of gifts, depending on whether the house was worth more or less on the date of the gift than the donor paid for it. If you have recently received a gift of a house, in order to properly calculate your taxes you should obtain the donor's records before the donor throws them away. You will need to know how much the donor paid for the house and how much he paid for capital improvements while he owned it. If you don't get these records, you will overpay your taxes when you sell. You will also need to get an appraisal done of the value of the house as of the gift date. Don't put off getting the appraisal. Getting one ten or twenty years from now will be really expensive. If you inherited the house, you will need an appraisal of the value of the house as of the date of death and to find out if any estate taxes were paid. If an estate tax return was filed, the executor probably already had one done. If not, you should get a "retroactive" appraisal from a licensed appraisor.

Should you get a second appraisal for your house in a divorce situation when one party is buying out the other The party buying the house got a free appraisal for applying for the loan.?

A free appraisal..........It prob. was worked into the fees. I don't know of any appraiser who works for free - even for someone they know. (would you). Anytime a free appraisal is involved you have to look at the motivation of all parties. An appraiser is supposed to be an UNBIASED party. If they are waiting to see if the loan goes through to get paid, or have to make a certain number to make the deal work, that is not unbiased. If I were you I would get another appraisal, additionally the way property values are going a more recent appraisal will be more accurate, but prob for less as market conditions have been fairly negative for some time (longer market times, lower prices.)

How long is an appraisal good for?

Answer120 days. In the recent past on a Fannie Mae/Freddie Mac appraisal--- It WAS usually good for 6 months with most lenders--although--6 months to a yr.-the appraiser can do a quick drive by and write a quick comment about the house being the same as the earlier appraisal. This may be called a recertification and will be done in the range of $100 - $150.

The function of the womb?

To protect, and house an embryo during growth.

Property Appraisal?

If you are planning to sell or refinance your house you will be getting an appraisal on the property. Either the home buyer or the bank will want to get a third party to check out your house. It will give them a good idea of what condition itโ€™s in and what its current value might be. The prospect could sound daunting and even a little invasive but if you prepare you can take a lot of the stress out of it. Here is a quick list of things you can get done to make your appraisal go smoothly, present your house in it best, and get an appraisal you can be sure of. Take care of landscaping and curb appeal General upkeep Freshen up your houseโ€™s look Take care of the 3 Dโ€™s Be transparent with the good and the bad Take care of $500 items Know your community Make it easy on your appraiser If you are thinking of selling your house as is, WeBuyHouses is here for you. Contact us at 901-250-0100.

How did the desire to expand into new markets help push the US to extend its influence into the Pacific?

they went to your house :]

How much is John Travolta's house worth?

According to the 2008 property appraisal, John's home is worth $4,271,846. This is not however the market value.

Virginia house furniture?

Virginia House furniture is no longer in business. The furniture was made in the 1950's. You can find some pieces at auctions or at flea markets.

How did the creation of the Virginia House of Burgesses and new England town meetings contribute to the growth of democracy?

The House of Burgesses and the New England town meetings contributed to the growth of a representative government of the people