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Find Appraisal real estate pros in Chicago

Avatar for MJ/Johnson Appraisals
MJ/Johnson Appraisals
4.7(
328
)

Serving Chicago, IL and surrounding areas

Approved

Super Service Award Winner

In business since 2005

Customers say: True professional

"great price, prompt, responsive, and follows covid safety measure. We were looking to have an independent appraisal for our property and he was willing to go through it with our contractor to get a real estimate of our property value."
Response time5 hrs
18 neighbors recently requested a quote
Recommended by85%of homeowners
Avatar for Chicagoland Valuation Group, Inc.
Chicagoland Valuation Group, Inc.
5.0(
7
)

Serving Chicago, IL and surrounding areas

Approved

In business since 1997

Free estimates

Credit card accepted

"My experience with Chicagoland valuation Group Inc was 100% satisfactory. Once I put the request on Angi I got 3 calls from different agents and Tom understand my situation and how urgent I needed this appraisal. He was so understanding and friendly and was able to get the appraisal by the time line I needed for in a matter of 24hrs. So if you need an appraisal Tom is your go to guy I 100% recommend anyone to hire him. Thank you for your business. "
Chicago (Wicker Park)
Response time6 hrs
Response rate87%
16 neighbors recently requested a quote
Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.4(
21
)

Serving Chicago, IL and surrounding areas

Approved

In business since 2018

Credit card accepted

Offers commercial services

"Very prompt in getting the appraisal back to me. I like their immediate attention. They offered assistance and follow-up even after the job was done. Thank you!"
Restaurant
Response time6 hrs
1951 neighbors recently requested a quote
Recommended by19%of homeowners
Avatar for Book Value Appraisals
Book Value Appraisals
5.0(
1
)

Serving Chicago, IL and surrounding areas

Approved

In business since 2015

Free estimates

Credit card accepted

Locally owned and operated real estate appraisal firm serving central and northeastern Illinois. We are experienced with all types of residential appraisals including single family units, 2-4 unit income properties, condominium, land appraisals, pre-listings, estate appraisals, bankruptcy and assessor related services, and more. Our priority is a high quality appraisal delivered in a quick turn around. Please call for availability outside of listed business hours.

Response time12 hrs
Avatar for Chris Moisio
Chris Moisio
5.0(
1
)

Serving Chicago, IL and surrounding areas

Approved

In business since 2001

Free estimates

Small jobs welcome

We pride our company on reliability, great communication, integrity and quality work. We are experts in our trade and will do our best to keep you as educated as we can on your particular task or project. We look forward to earning your business!

Response time2 days
19 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for Mike Murgatroy CrossCountry Mortgage
Mike Murgatroy CrossCountry Mortgage
4.9(
503
)

Serving Chicago, IL and surrounding areas

In business since 1998

Free estimates

Warranties offered

"I have refinanced my mortgage before but it was never as seamless and efficient as Mike Murgatroy Guaranteed Rate. Furthermore, I already had a very low interest rate but they were able to go below that without my having to buy points. What's more, they are in Florida, I am in Washington State and the company is familiar with the real estate rules & laws within my state. One of three conversations I had with brokers, Guaranteed Rate was chosen because of how I felt talking with Peter - he was very direct, knowledgeable with a sense of humor. All the people I worked with at this company were a pleasure to do business with."
Recommended by97%of homeowners
Avatar for Tyke Appraisals Inc
Tyke Appraisals Inc
4.9(
163
)

Serving Chicago, IL and surrounding areas

In business since 2000

Free estimates

Emergency services offered

"Mike and his team were very good. I got a call back within a few hours, even on a weekend, and was able to setup an appointment within a few days. His team was on time for the appointment and the written appraisal came within a week of then. All in all very fast very good service. The price as on par with other quotes I got."
Recommended by95%of homeowners
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FAQs for appraisal real estate service projects in Chicago, IL

The appraisal timeline begins with scheduling, which may take three to five days, depending on local appraiser availability. The on-site evaluation requires one to three hours based on property size and complexity. Following the inspection, appraisers need two to five days for research, analysis, and report preparation. The entire process takes seven to 10 days, though complex properties or government-backed loans may extend this timeframe.

The value of home appraisals extends beyond their immediate expense. They protect buyers from overpaying and help lenders ensure appropriate loan amounts. By providing independent market value verification, home appraisals help prevent potential financial missteps in major property transactions. This protection justifies the upfront cost for most real estate scenarios.

Home appraisers evaluate numerous property elements, including square footage, floor plan functionality, overall condition, and specific features. They document improvements, necessary repairs, and distinctive amenities. These observations are compared against similar properties recently sold in the neighborhood. Appraisers also consider location factors, current market conditions, and relevant zoning or property restrictions.

Yes, home appraisal fees are collected before the final closing. Since lenders require completed home appraisal reports before finalizing loan approvals, this cost occurs earlier in the transaction process. While buyers usually cover this expense, payment methods vary—some pay directly to the appraiser while others include it in closing costs.

Some property owners successfully use recent appraisals when challenging tax assessments. However, tax-assessed values often differ from market valuations. The appeal process involves submitting your appraisal as evidence that the tax authority's valuation exceeds actual market value. Success rates vary by jurisdiction, and the process may require patience and persistence.

From the buyer's perspective, appraisals verify they aren't overpaying for a property. Lenders won't approve financing that exceeds appraised value, potentially requiring buyers to renegotiate or contribute additional cash. Appraisal findings can also inform future improvement planning and investment decisions.

For sellers, preparation makes a difference. Clean, well-maintained properties present better during appraisal evaluations. Some sellers obtain pre-listing appraisals to establish appropriate asking prices, though most rely on the buyer's lender-ordered appraisal during the transaction process.

The Chicago, IL homeowners’ guide to appraisal real estate services

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

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