Getting a Batavia appraisal is easier than you think!
We strive to make the appraisal process as easy as possible for you from ordering & paying to receiving the appraisal. You can order, pay and receive your appraisal all from the comfort of your home. Be assured you will get the highest quality appraisal report available in multiple formats to serve your needs.
As a Batavia appraiser, we offer the following appraisals:
We service Batavia, Illinois
Certified Illinois Residential Appraisers
Fully Insured (Errors & Omissions Insurance)
The Different Types Of Batavia Home Appraisal Services
At first glance, finding a Batavia appraiser may seem like a fairly straightforward process. However, when you dig a little bit deeper, things get more complex. There are actually many different types of home appraisal services available. Understanding the difference between all of these options can help ensure that you get the right appraisal for your needs. Below are several of the most common types of appraisals:
- Full appraisal. By far the most common type of Batavia home appraisal, a full appraisal involves a careful inspection of both the interior and exterior of the home. A qualified appraiser visits the property in person so that they can get a better idea of the overall condition of the home. During their visit, they also take measurements of the property so that they can determine the total square footage available. Based on the information that they gather during their inspection, they then compare the home to similar homes that have recently sold in the area. This helps them determine the current fair market value of the home. This type of appraisal is usually required by banks or lenders before approving a mortgage.
- Drive-by appraisal. As you might guess, drive-by appraisals are far less detailed than full appraisals. Rather than touring the interior of the home, the appraiser simply takes a look at the outside of the home. They also compare the property to other similar homes in the area that have recently sold to get a general idea of how much it might be worth. These Batavia appraisals are primarily used for basic informational purposes. They are not detailed enough to provide an accurate, fair market value of the home for listing purposes.
- Tax appraisal. The value of the tax appraisal is used to determine how much money the homeowner has to pay in property taxes. These appraisals are generally quite conservative, often coming in well under the fair market value of the home. The low appraisal value is intentional since it helps minimize the chances of homeowners complaining about their homes being overvalued for tax purposes. This helps reduce the overall workload for city tax departments by reducing the number of complaints.
- Historical appraisal. Also known as a retrospective appraisal, a historical appraisal is used to establish the value of a particular property on a specific date in the past. This type of appraisal is most often used for determining the value of the property on the date of the property owner's death.
As you can see, there are many different types of home appraisal services available. In most cases, if you are getting an appraisal to buy or sell a home, you will need to go with a full appraisal. However, there are certain situations that warrant other types of appraisals. If you aren't sure what type of Batavia appraiser you need, you can either talk to a qualified real estate appraiser or to an attorney who specializes in real estate law. They can advise you as to which Batavia appraisal service is best suited to your needs.
