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How Long is a Property Appraisal Good For?

We can say with a relatively high level of certainty that if you buy a home and sell it after ten years you are more or less definitely going to get a massive amount of return on your investment. What we can’t end up informing you about, however, is how much profit you can actually hope to receive. It is important to note that property values are notoriously hard to predict, so you need to get a property appraisal done so that you can better understand the correct amount of finances that your home should ideally be sold for.

When we recently decided to sell our home, Prime Agents handled our property valuation and they enabled us to get a much better deal than we would have been able to receive otherwise. We had assumed that our property was about 20% less valuable than it turned out to be, so suffice it to say that we were extremely grateful about what they did for us at the end of the day! That said, it is important to note that they gave us some essential advice that we would like to share with you.

This advice had to do with the duration in which our appraisal remained valid. You might assume that your property appraisal is permanent, but in spite of the fact that this is the case it will expire in just three short months. Hence, you should only get appraisal done if you plan on selling immediately because it can take at least two months to find a buyer and settle on a good price and you don’t want your appraisal expiring in the mean time.