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Rowe Appraisal Group
New to Angi
Appraisal - Real Estate

Serving Kingston, 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

Property Appraiser questions, answered by experts

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

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

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.

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.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

The Kingston, IL homeowners’ guide to property appraisals

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