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TRUSTED BY SHILOH, IL HOMEOWNERS

  • Average homeowner rating star icon4.5
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  • Verified reviews icon19
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Find Property appraisers in Shiloh

Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Shiloh, 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
Dagan J Hampton
5.0(
1
)
Appraisal - Real Estate

Serving Shiloh, IL and surrounding areas

In business since 2002

Dagan Hampton is one of the most respected names in the Jersey county area for home and land appraisal services. Dagan Hampton has a wide variety of clients including home buyers, sellers, investors, real estate agents, lenders, attorneys, banks, and field service companies. Dagan Hampton, offers a full menu of real estate services and will provide you with fair opinion of market value along with thorough unbiased, detailed, confidential, and professional appraisal of your property!

Response time2 days
Recommended by100%of homeowners
Showing 1-10 of 12
Property Appraiser questions, answered by experts

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

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.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

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

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

The Shiloh, IL homeowners’ guide to property appraisals

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