In a Changing Market, Before Making an Offer ...Hire an appraiser that knows local property values. Chicago Appraisals can provide a current, clearly written descriptive report that can be a powerful price negotiation tool.

We have saved buyers significant time and money by providing the most accurate unbiased property valuation without being involved in the transaction.

 

An appraisal helps you make An Informed Decision

When considering how much to offer, it is important to have the most current information to negotiate the best possible price. Determining the value of the home for sale gives buyers the information needed to make a realistic offer to purchase. The cost of an appraisal is minimal when compared to the potential long term investment.

high quality appraisal reports

We use the most modern technology, tools and data services available to insure the most consistent and accurate market analysis and valuation. Our experienced appraisers provide each client with the highest level of service. A satisfaction survey is sent out after each inspection to evaluate appraiser and staff performance.

Local Perspective

Our appraisers are all based in the 606 and 607 zip codes and are always within a 10 mile radius of each property to be appraised. Many local changes can impact a property's value. School zone changes, crime, zoning laws and other factors may be missed or overlooked if an appraiser is selected from outside of the area.

Understanding "list price" and "sales price"

A home seller can list their property for any price they want. The home may not sell for that price or even be considered by some buyers. Don't make the mistake of comparing list prices of homes that you view with other list prices. "Sales" price is what every property will be compared to in an appraisal report so it only makes sense to compare the actual sales price, not the property's list price.

Appraisal vs. competitive market anaylysis (cma)

Real estate agents use competitive market analysis or "comps" to assist home sellers when determining a realistic listing price. A bank will only lend the borrower money for the property based on a licensed real estate appraiser's complete valuation report which contains much more detailed information than a standard CMA.