Alternate Valuation Services in Chicago

Offering Several Alternatives to Chicago Traditional Appraisals for Our Clients

Many property owners and other clients are requesting valuation services that do not involve a full traditional appraisal on an increasing basis. There are several different ways to determine value using limited-scope or non-traditional analysis, and these alternate valuation services can have many benefits.

At Allstate Appraisal, we want to find the valuation solutions that work for each client and their unique situation, so we are happy to offer various types of alternate valuation services. These might be the right choice when a traditional full appraisal is impractical or unnecessary, which might be the case for the following:

• Due diligence
• Home equity lending
• Risk monitoring
• Portfolio management
• Default servicing

In these situations, it might benefit you to reduce the costs of an appraisal and return conclusions in a shorter period of time than a full appraisal.

Types of Non-Traditional Valuation in Chicago

The following are some examples of alternate valuation services provided by our professionals at Allstate Appraisal.

Chicago Desktop Appraisal

This is a limited scope appraisal that is conducted by a licensed appraiser, though there is no need for the appraiser to physically inspect the property.

Streamline Evaluation

This service involves a combination of a home inspector’s physical inspection along with a third-party report driven by algorithms to provide opinions on value.

Automated Valuation Model (AVM)

AVM uses a database and mathematical modeling to provide an estimate of point of value for a property. Some databases include the Home Value Explorer by Freddie Mac and AVM cascades that allow us to choose from a number of the leading AVMs.

Chicago Property Condition Report

This allows us to make sure the property in question is in a condition that is typical for the specific neighborhood, and this type of valuation is often important after a long vacancy or a disaster. We can use external images combined with AVMs or other valuation options.

Brokers Price Opinion in Chicago

This is a report prepared by an appraiser that is based on their professional expertise and opinion and can utilize exterior images, neighborhood research, and comparable properties in the area.

Why Choose Allstate Appraisal?

We know you have options when it comes to appraisals and alternate valuation services. Allstate Appraisal has been providing national valuation and review services for over 60 years. Our mission is to always meet the highest standard by providing timely, compliant, and credible valuation services to each client, whether you need traditional or non-traditional services. We assist many types of clients, including private individuals, insurance companies, lenders, government agencies, and more with both residential and commercial appraisals and valuations. When you need an appraisal you can rely on, you should not wait to call our team.

Contact Our Chicago Alternate Valuation Professionals to Learn More

At Allstate Appraisal, our team finds solutions that meet the unique needs of each and every client. If you believe you need alternate valuation services, look no further than our appraisal professionals. Contact us today to discuss how we can assist with your appraisal needs.