Need an appraisal in Chicago or Cook County?

Here are the top seven reasons why IL homeowners call on Midwest Appraisals:

To get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
Challenge a property tax assessment
To lower your mortgage payment by removing PMI
Reinstate your Home Equity Line of Credit (or HELOC)
Review a different appraiser's report for verification
If real estate property needs to be divided because of a divorce
To determine the true market value of real estate in question to settle an estate in Cook County or the state of IL

Do you own a home in or near Chicago? Do you need help determining the price of your real estate?
Contact Midwest Appraisals.

At Midwest Appraisals, we understand the special needs of a homeowner after appraisal services. Our customary business clients understand the appraisal process and the standard documents we provide. Being a homeowner that most likely doesn't see an appraisal every day,we will give you extra guidance and explanations through the appraisal process to more clearly understand what we do and how we report our conclusions.

Pre-listing Services/For Sale By Owner (FSBO)

Since you have an emotional attachment to your house, it's often very hard to be objective about it. Professional appraisers, like the ones at Midwest Appraisals, are objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have an interested buyer, in addition to helping you set a realistic selling price so your property will attract buyers. The appraisal is something concrete to show the buyer. The appraisal is an independent third party's opinion of your home's value, not just how much you think your house is worth. Potential buyers assume you have an emotional attachment to your home and will be far more likely to give credibility to an expert appraiser's value judgement than yours.

Need to remove PMI?

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a preferred way to cut expenses for homeowners. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your property. In most cases you can apply to your lender to have the PMI removed from your loan. We're qualified in helping clients just like you do away with unneeded PMI insurance.

Challenging Cook county's assessment of your property

Your local tax assessor may have your home overvalued if you live in a region that's declining. That means you're most likely paying more taxes than you should. The sooner you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. Getting a professional appraisal from Midwest Appraisals is your strongest weapon when contesting your property tax assessment.

Recently got a freeze your HELOC?

Your lender just may decide to automatically freeze your home equity line of credit (HELOC) if your property is in or near a declining area -- even if your specific property has not declined in value. This can this be troublesome from a cash flow viewpoint, and bad for your credit score since it may appear as though that credit line is maxed out. Midwest Appraisals can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Would you like a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you need a seasoned appraiser to double-check your appraisal for accuracy? An appraiser from Midwest Appraisals can go out and check the subject and comps in a field review. Or, if you're in a hurry, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal? Midwest Appraisals can We can assist you. Even though this is usually requested by banks, you may wish to make use of this service if you suspect mortgage fraud related to your home.