Who does property appraisals?

<div><p>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 <a href="https://www.angi.com/angi-license-check.htm">has the proper licensing</a> 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.</p></div>

Who hires a property appraiser?

<div><p>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.</p></div>

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Verified Reviews for Property Appraisal pros in Peotone, IL

*The Angi rating for Property Appraisal companies in Peotone, IL is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Property Appraisal needs.

*The HomeAdvisor rating for Property Appraisal companies in Peotone, IL is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Property Appraisal needs.

Last update on April 07, 2025

Reviewed in October 2023
I recently used Property Analysis Corp for a residential real estate appraisal. Dave was professional and demonstrated significant knowledge of the local residential market. He was prompt, courteous and efficient. I would not hesitate to use their services again.
Property Analysis Corp
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Reviewed in December 2020
I contacted Citywide's Michael Walsh and he responded within 15 minutes. He came out within a few days and was very thorough. I received a multi-page appraisal that was extremely detailed with many pictures, comps and other things I had never thought of. Michael is a shining example of what an...
Citywide Services
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Reviewed in July 2020
Michael was thorough and took the neighborhood as well as the house itself into consideration. His completion of the appraisal was timely and clear.
Citywide Services
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Reviewed in March 2016
A+++ for the service provided by Mr. Walsh. We set up the appointment and he came on time and performed the necessary work. He made a way to get what I needed done even though he was leaving for vacation the same day. I really appreciate that he took time out for me. I would recommend this...
Citywide Services
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Reviewed in May 2017
The appraisal was a very thorough detailed report that was sent promptly after receipt of payment. Good followup and service.
Citywide Services
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Reviewed in August 2017
I disovered that my property was listed 70,000 under market value. Investing is this appraisal was more than worth the investment.
Citywide Services
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Reviewed in December 2019
Michael Walsh was great! He replied to my initial email immediately, the price was reasonable, & he was able to schedule the appraisal within days, at a time convenient for us. I needed the report quickly for a property tax appeal & I received it two days before my requested deadline. Highly...
Citywide Services
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Reviewed in March 2016
Excellent. Michael was very knowledgeable and all business in a good way. Although we chatted for a few minutes, he came in did his job and got out. I think he was here under one hour but completed what need to be done in that time frame. He had informed me at the time of service that we...
Citywide Services
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Reviewed in August 2015
I was very promptly contacted by the appraiser after purchase of the Big Deal and we quickly settled on a date shortly thereafter. He arrived promptly and made a complete inspection of the house and took the appropriate measurements. The purpose was estate related and the appraisal was...
Citywide Services
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Reviewed in December 2015
Very, very happy with Michael and his service. We contacted Michael based on his favorable Angie's List reviews to perform an appraisal of our home. He responded quickly, set up a convenient appointment time, and performed as promised. His turnaround is great, the work is exceptional, and his...
Citywide Services
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Property appraisals FAQs

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.

The homeowners guide to property appraisals

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

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Dec 12, 2024

FHA Appraisal Guidelines and Requirements

FHA loans are backed by the government and come with specific FHA appraisal guidelines and requirements. Learn what an FHA appraisal entails in this guide.