We are sometimes asked if you can use an appraisal that is over six months old.  There is no hard and fast rule with respect to how long an appraisal can be used or how long it can give an indication of the value of a property.  An appraisal is a snapshot of value as of a given day.  The market could change the following day or within a few weeks and values could change up or down.  Typically a lender will consider an appraisal that is less than six months old to be current.  However, this can change (especially in this economy?) and is not the case with all lenders. If in doubt, it is the lender that must make the decision, rather than the appraiser.