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Avatar for AnDel Appraisals
AnDel Appraisals
5.0(
5
)
Appraisal - Real Estate

Serving Harvard, IL and surrounding areas

In business since 2014

Free estimates

Emergency services offered

AnDel Appraisals is one of the most reputable companies for getting a home appraisal in Chicago IL. Our team consists of licensed home appraisers with over 23 years of experience in the Chicago real estate market. We have completed thousands of home appraisal reports and maintained great relationships with every client. Moreover, we have been placed on the panel of some of the largest banks in the country. We take pride in our ability to provide same-day quotes and a quick turnaround time of 3 days. Call us today for a free quote on your next home appraisal.

Response time10 hrs
Response rate85%
Avatar for Jeff Kropp-The Home Buyer Agents
Jeff Kropp-The Home Buyer Agents
4.7(
43
)
Appraisal - Real Estate

Serving Harvard, IL and surrounding areas

In business since 2001

Free estimates

Emergency services offered

"Jeff was extremely professional and well informed. I was buying a property in Chicago, Il, however I live in California, so his help was extremely valuable during the process of purchasing. He was able to guide me and negotiate a reasonable price for my condo as well as help direct me through the Chicago buying process. He was always responsive and provided details I would never have thought of. I recommend him highly! Thank you, Jeff!"
Chicago and Burbs
Clients All Over Suburbs
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+3

Recommended by100%of homeowners
Avatar for Fundamental Property Management
Fundamental Property Management
4.3(
37
)
Appraisal - Real Estate

Serving Harvard, IL and surrounding areas

In business since 2006

Free estimates

Emergency services offered

"We rented from Fundamental Property Management two years ago and could not be happier with the level of responsiveness and professionalism we have received. When we were moving in we asked if additional cleaning could be done, I simply wasn’t satisfied with the previous tenants attempt, and they immediately jumped into action. When the dishwasher broke we had an instant response from the company and waited the normal amount of time for a replacement. They purchased a quality unit which to me says they care about the longevity of their appliances and care for the needs of their tenants. Thank you Fundamenal Property Management for your care and time with our needs!"
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+3

Recommended by80%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Harvard, IL and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
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Property Appraiser questions, answered by experts

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

The Harvard, IL homeowners’ guide to property appraisals

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