Home Appraisal Services Chicago 

Home Appraisal Services Chicago

Before you can sell your home, refinance your home, or dispute the property taxes on your home, you’ll need to know your home’s value. At Allstate Appraisal, we offer home appraisal services Chicago that are accurate and conducted by experts. For all of your home appraisal needs, reach out to our team directly today by phone or online. 

Home Appraisal 101: The Basics

A home appraisal is an unbiased, expert assessment of the value of your home based on a variety of factors, including the location where you live and the current market conditions. Appraisals are often required, but they can also be valuable for homeowners when not required. In the most common situation in which an appraisal is required—which is a purchase-and-sale transaction—the purpose of the appraisal is to determine whether the price of the home that is listed in the purchase agreement is appropriate based on the home’s location and features, as well as the current real estate market. The purpose of this type of appraisal is to make sure that the mortgage lender for the homebuyer isn’t issuing a loan that is valued at more than the home is actually worth. 

To conduct the appraisal, the appraiser will consider things such as the location of the home, the home’s amenities, the size of the home, the number of bathrooms and bedrooms, and the interior and exterior of the home, including any upgrades or renovations. 

Reasons Why You Need a Home Appraisal

As mentioned above, the most common reason why you may need a home appraisal is because you are involved in a real estate transaction as a seller or buyer. Usually, in a real estate transaction, the buyer is responsible for ordering and paying for the home appraisal—their mortgage lender may facilitate this process. However, this is not the only time when a home appraisal may be necessary or useful.

Other situations in which a home appraisal may be necessary include if a homeowner wants to refinance their home, if a homeowner is taking out a new line of credit and wants to put their home up for collateral, or if the homeowner wants to know the value of their home to inform another decision, such as whether to remodel or list the home for sale in the current market. 

Why Trust Allstate Appraisal with Your Home Appraisal Services Chicago?

If you are in need of a home appraisal, choosing the right appraisal company for the job is important—the outcome of the appraisal can have a big impact on your finances and your future. At Allstate Appraisal, we have the experience and the rigorous appraisal process you can trust. Our process involves assigning the right appraiser for the job based on various specifics, a review of the initial appraisal draft, a final review by our chief appraiser, and walking the client through all of the specifics of the report. We also have a robust rebuttal process in place, which means that if the appraisal is challenged, we’ll be ready to defend it.

To learn more about home appraisal services Chicago and why we’re the trusted company for residential home appraisals, call us directly today or reach out to us online. We offer quick, professional results.