Apr 10 • Tips
Investors: Your Appraisal Has an Expiration Date.
If you miss it, you can get trapped with one, miserable lender.
An investor called me up this week with a deal that’s been dragging for 5 months.
He got a solid appraisal and now wants to transfer it to a different lender.
Here’s the problem:
🔺Lenders look at the original appraisal report date in order to accept a transfer
🔺You can *sometimes* get a Recertification of Value from the same appraiser
🔺That recert window typically runs 60–180 days from the original appraisal date, and it varies by lender
🔺Once you’re outside that window, many lenders will require a BRAND NEW appraisal
What does this mean for you?
👉 Early on, you can still shop lenders and transfer the appraisal
👉 As the clock runs, you become effectively married to one lender
👉 Eventually, your options shrink or disappear, and switching means paying for a new appraisal and accepting whatever new value the market gives you
If you’re planning a refinance, plan around:
🔴 Appraisal effective date
🔴 Lender’s recert / transfer policy
🔴 Your target close date
That’s how you avoid getting trapped in a five-month file with no good options to get out.
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Investors: Your Appraisal Has an Expiration Date.
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