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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
69
)
Appraisal - Real Estate

Serving Durand, IL and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"The process was easy, and pricing options were provided up fromt. They gave clear instructions about what they needed for the appraisal. They provided an appraisal quickly, with a nice turn around time. I would call this company again next I need an appraisal."
Restaurant
Response time5 hrs
Response rate89%
1299 neighbors recently requested a quote
Thomas Real Estate Appraisal Consultants
New to Angi
Appraisal - Real Estate

Serving Durand, IL and surrounding areas

In business since 1990

Free estimates

At Thomas Real Estate Appraisal Consultants I have over 40 years of residential & commercial appraisal experience and have preformed all kinds of non-lender services. Ex Estate, Divorce, Tax, and Personal, I pride myself as being very service minded and detail orientated which sets me apart from the rest. I look forward to earning your business! Note: New Mortgages require your Lender to order the appraisal.

Property Appraiser questions, answered by experts

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

The Durand, IL homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.