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.
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.
Sundstrom Appraisal Service, Inc. is committed to excellence in performing Residential Real Estate Appraisals in the greater Peoria, IL area. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Call 309-208-7972 for a quote or to discuss your Real Estate Appraisal needs, or visit our website, www.SundstromAppraisal.net.
"Job was done in a professional, timely manner. Highly recommended."
David Q on April 2024
Sundstrom Appraisal Service, Inc. is committed to excellence in performing Residential Real Estate Appraisals in the greater Peoria, IL area. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Call 309-208-7972 for a quote or to discuss your Real Estate Appraisal needs, or visit our website, www.SundstromAppraisal.net.
"Job was done in a professional, timely manner. Highly recommended."
David Q on April 2024
Mike Murgatroy has 24 years of lending experience and is an Angi Super Service Award recipient 2012-2022. Mike is also ranked in the top 1% mortgage originators in the United States. With integrity at the core of his values, you can rest assured that Mike Murgatroy will give you informed detailed mortgage advice, the same he would recommend to his own family. We pride ourselves on having a transparent process which we will walk you through every step of the way. Start your application process today by visiting themurgteam.com and find out why so many others continue to bring their business to Mike Murgatroy. NMLS ID# 60099; http://www.nmlsconsumeraccess.org
"It went great again. I am a repeat customer. They are professional, organized, and they perform like a well oiled machine. From the application process to the closing A+++++++ They do what they say they are going to do in a timely manner. I cannot say enough about this team. Thank you for another great experience Michael, Peter, Monica, and Connie."
joe v on March 2022
Mike Murgatroy has 24 years of lending experience and is an Angi Super Service Award recipient 2012-2022. Mike is also ranked in the top 1% mortgage originators in the United States. With integrity at the core of his values, you can rest assured that Mike Murgatroy will give you informed detailed mortgage advice, the same he would recommend to his own family. We pride ourselves on having a transparent process which we will walk you through every step of the way. Start your application process today by visiting themurgteam.com and find out why so many others continue to bring their business to Mike Murgatroy. NMLS ID# 60099; http://www.nmlsconsumeraccess.org
"It went great again. I am a repeat customer. They are professional, organized, and they perform like a well oiled machine. From the application process to the closing A+++++++ They do what they say they are going to do in a timely manner. I cannot say enough about this team. Thank you for another great experience Michael, Peter, Monica, and Connie."
joe v on March 2022
James R. (Jim) Fletcher GRI, CRS, CRA Illinois State Certified Residential Appraiser Illinois State Real Estate Broker Managing Broker, Realtor Emeritus FHA Approved Appraiser FLETCHER & CO. APPRAISERS/REALTORS 9015 N. Frye Road Peoria, IL. 61615 309-692-5400 Office JimFletcher123@gmail.com Going on 3 Generations
James R. (Jim) Fletcher GRI, CRS, CRA Illinois State Certified Residential Appraiser Illinois State Real Estate Broker Managing Broker, Realtor Emeritus FHA Approved Appraiser FLETCHER & CO. APPRAISERS/REALTORS 9015 N. Frye Road Peoria, IL. 61615 309-692-5400 Office JimFletcher123@gmail.com Going on 3 Generations
Self employed since 1980, I have been doing this since 1974
Self employed since 1980, I have been doing this since 1974
Locally owned.
Locally owned.
Please contact us for information about market areas outside these counties: Peoria, Tazewell and Woodford.
Please contact us for information about market areas outside these counties: Peoria, Tazewell and Woodford.
Appointment by phone or email only. Residential real estate appraisal services in Peoria, Tazewell, Woodford, McLean, and Livingston counites.
Appointment by phone or email only. Residential real estate appraisal services in Peoria, Tazewell, Woodford, McLean, and Livingston counites.
We are a facility ran and owned by veteran's dedicated to assisting others in need. We have a thrift store and assist through a voucher program with area businesses.
We are a facility ran and owned by veteran's dedicated to assisting others in need. We have a thrift store and assist through a voucher program with area businesses.
Real Estate Appraisals
Real Estate Appraisals
An appraisal is an opinion of value, so anything that is expected to boost your home value is likely to work in your favor when it comes to the appraisal. Things like improving your curb appeal, painting, refinishing floors, and taking care of minor repairs are all good investments prior to ordering an appraisal. It’s also a good idea to clear out any clutter and complete a deep clean beforehand to show your property in the best light possible.
Appraisals aren’t required by law to complete a real estate transaction, but it’s unlikely that a lender will allow a buyer to close on a property without an appraisal, so, effectively, they are usually required. Your mortgage lender uses the property as collateral for your loan, and the appraisal is what the lender will base the mortgage on to confirm the value is there to justify their investment.
The average cost of a property appraisal is around $355, but different appraisers in your area could charge anywhere from $250 to $500. Appraisals for larger properties will often cost more, as will valuations for older properties. Appraisers will use homes in the surrounding area to help determine a valuation as well, so if your home doesn’t conform to the neighborhood standards, the valuation will require more work and will likely cost more.
A licensed appraiser is the only individual that can carry out a property appraisal. You should always check to ensure an appraiser you’re considering has the proper licensing from your state. Additionally, since an appraisal is meant to be an unbiased opinion of a property’s value, you should confirm that the appraiser doesn’t have ties to any other party in the sale of the property.
Anyone can hire a property appraiser to confirm the inherent value of a property, but the buyer or buyer’s lender will usually choose the appraiser and pay the individual for their opinion. It’s also not uncommon for the seller’s side in a real estate transaction to hire an appraiser in order to justify an asking price or negotiate a higher selling price.