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Peterson Appraisals
5.0(
2
)

Serving Genoa, IL and surrounding areas

In business since 1994

Free estimates

Credit card accepted

"I had a fantastic experience working with Byron for my home appraisal. He was professional, thorough, and took the time to explain the process and answer all of my questions. His attention to detail and expertise were evident, and he delivered a comprehensive and accurate report in a timely manner. Byron’s friendly demeanor and clear communication made the entire process smooth and stress-free. Highly recommend his services to anyone in need of a reliable and knowledgeable appraiser!"
Response time1 day
Recommended by50%of homeowners
Avatar for Rowe Appraisal Group
Rowe Appraisal Group
New to Angi

Serving Genoa, IL and surrounding areas

In business since 2006

We are the leading Chicago appraisal firm specializing in property appraisals for Divorce, Bankruptcy, Tax Appeals, Probate & Estate, Pre-Listings, FSBO's and more. We are considered by many to be the top appraisal firm in the Chicago market and surrounding including Park Ridge, Glenview, Morton Grove, Niles, Des Plaines, Mt. Prospect, Arlington Heights, Elk Grove Village, Schaumburg, Norridge, Harwood Heights and more.\n

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Property Appraiser questions, answered by experts

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.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

Installing a flagpole can improve your home’s curb appeal, so it will often have a modest positive impact on your property value. You’ll see a much larger bump in property value if you install a custom wooden flagpole than you would if you install a standard aluminum pole. Adding lighting to your flagpole will also have a positive impact on home value, as will trimming trees away from the new lawn addition.

Mobile homes weigh anywhere between 45 to 50 pounds per square foot. Some newer options weigh up to 70 pounds per square foot. An average single-wide mobile home weighs 45,000 pounds, and a double-wide mobile home weighs about 70,000 pounds. Triple-wide mobile homes range from 90,000 to 100,000 pounds.

The Genoa, IL homeowners’ guide to property appraisals

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