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Verified Reviews for Property Appraisal pros in Prospect Heights, IL

*The Angi rating for Property Appraisal companies in Prospect Heights, 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 Prospect Heights, 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 March 03, 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 October 2014
Appraisal was outstanding, relatively inexpensive, and timely. The comps used were far more comprehensive and up to date than the well-known appraisal service used by my ex.
Citywide Services
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Reviewed in February 2016
Michael was able to come the same day I bought a deal from Angie's list. He took measurements, photos, answered my questions during the appointment, and 10 days later I received my appraisal in a PDF file, that I was able to immediately submit to the bank. Prompt. Professional. Knowledgeable....
Citywide Services
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Reviewed in September 2016
Understood that we needed an appraisal done lickety-split, dropped everything and got us an appraisal lickety-split.
Citywide Services
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Reviewed in September 2014
Punctual. Clean. Very knowledgeable and seemed to know this area well. Report was done very quickly. Everything about his service exceeded my expectations!
Citywide Services
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Reviewed in October 2015
Michael was quick to set-up an appointment via email after purchasing. He was on-time the date of the appointment, and was very professional and thorough, providing a detailed appraisal with six comparison properties. He told me up front that it may take one week for the appraisal, as it was a...
Citywide Services
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Reviewed in September 2016
I selected Michael Walsh based on the many positive reviews. Michael was flexible (accommodating a change in the appraisal date at short notice). He was prompt and thorough and provided the final report in about a week. I had a couple of questions about the report and Michael was available to...
Citywide Services
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Reviewed in July 2018
I needed a house appraisal and the transaction went very smoothly beginning with my initial communication to receiving the appraisal report as everything was done in an efficient and professional manner!
Citywide Services
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Property appraisers in Prospect Heights

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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Home inspector discusses issues with homeowners

Dan Simms

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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.