We are in the Southwest suburbs, with a large focus on Multifamily, Mixed Use and Single family properties for Estate, Divorce and Pre-Sale/listing appraisals. We are your 100% unbiased and compassionate source for all your real estate appraisal needs with our main focus being Estate and Divorce situations.
Your One And Only South Cook County Appraisal Source!
About Us
- We are a Southwest Suburban Appraisal Company specializing in appraising real estate in the Southern areas of Chicago as well as the Southwest Suburbs, or a focus in the Beverly, Morgan Park and Mt. Greenwood neighborhoods, as well as the in the Oak Forest, Midlothian, Crestwood, Orland Park, Palos Heights, Palos Park, Palos Hills, Tinley Park, Blue Island, Alsip and Oak Lawn areas. We are a complete appraisal service company specializing in Single Family Home Appraisals, as well as Apartment Buildings to Small Commercial for basically any reason, problem or purpose. Whether you are looking to sell, purchase, or involved in an assessment appeal, bankruptcy, divorce, estate or trust situation, you can count on our expertise and competency to provide you with timely and accurate valuations.
- The owner/president Mr. Ernie Ramos IFA, ASA is a Certified General Appraiser with designations from the NAIFA(National Association of Independent Fee Appraisers) and an Accredited Senior Appraiser from the ASA(American Society of Appraisers), with over 22 years of experience. We also have other veteran Certified Residential Appraisers, some also similarly designated on staff, who reside in the City of Chicago and nearby Suburban areas.
- We offer full appraisals and also offer some very cost effective restricted use appraisals for a single party user or for mere decision making.
How much is my home or my commercial property worth?
- Technically speaking, property's value is defined as the present worth of future benefits arising from the ownership of the property. An appraisal is an opinion or estimate regarding the value of a particular property as of a specific date.
- Market value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated; both parties are well informed or well advised, and each acting in what he or she considers his/her own best interest; a reasonable time is allowed for exposure in the open market;payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
The Appraisal Process
- An appraisal can be concluded based on typically all or 1 of 3 methods: The Sales Comparison Approach compares the most recent, similar and hypothetically competing properties that have sold in an open, competitive market, which is typically inclusive of a qualitative or quantitative analysis.
- The Cost Approach can be concluded to determine a property's replacement or reproduction cost, minus depreciation from all sources, plus current land value.
- Lastly the Income Approach method is based on the relationship between the rate of return an investor requires and the net income that a property produces, after expense and any other losses. This method is used to conclude value of income-producing properties, no matter the property type. For your local real estate appraiser, if you are in need of a house appraisal, or commercial appraisal please contact us.
We are much different than your typical Home or Lender Appra
We take grade pride in the profession and markets we specialize in, while always proving our client's "special" needs are at our top priority. We are very involved in the profession, take up to date education and utilize technology to our advantage, to provide nothing but quality analysis and supportive conclusions.
Oak Forest
All of our appraisers are local, professional and very educated in their field of expertise.
You will not regret utilizing us for your appraisal needs.
Special Note: Please understand that a borrower cannot legally order their own appraisal for lending purposes. The appraisal must be ordered in a compliant fashion from your lending institution, which they are aware and should educate their clients on.
Please Contact Us Now for Your Appraisal Needs
- All our appraisers have over 20 to over 30 years of appraisal experience and are either residents, property owners or just experts in the market area.
- If You Are Considering Zillow or any other online website to list your property, please consider a professional appraisal to get a real or true value of your property.
