Property Valuation
An NH appraiser who is reviewing an older appraisal to determine if it is still valid should consider:
AOnly whether the appraiser is still licensed
BWhether market conditions have changed since the effective date, potentially making the appraisal outdated✓ Correct
COnly whether the property has been painted
DOnly the lender's original request
Explanation
Appraisals are valid as of their effective date. If market conditions have significantly changed (interest rates, sales prices, local economy), an older appraisal may no longer accurately reflect current market value.
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