Appraisals By Trautman
Real Estate Appraisals are assessments conducted by licensed appraisers to determine the estimated market value of a property. This value is based on a variety of factors including the property's location, size, condition, and recent sales of comparable properties in the area.
Appraisals are commonly used by buyers, sellers, lenders, and insurance companies to help determine the appropriate value of a property for purchase, sale, financing, or insurance purposes.
Real estate appraisals are an important step in the buying and selling process, as they provide an objective assessment of a property's worth, which can help ensure a fair and equitable transaction for all parties involved.
Appraisal Services Offered
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A pre-listing appraisal, also known as a pre-sale appraisal, is a type of real estate appraisal that is conducted before a property is listed for sale. The purpose of a pre-listing appraisal is to help the property owner determine the estimated market value of their property, which can help them set a realistic and competitive listing price.
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A refinance appraisal is an evaluation of a property's value when a homeowner wants to refinance their mortgage. The purpose of a refinance appraisal is to determine the current market value of the property, which is used by the lender to determine if the property is worth the amount of the loan being sought by the borrower.
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A tax protest appraisal is conducted by a licensed appraiser who will assess the property and provide an opinion of the property's market value. The appraiser will take into account a variety of factors such as the property's location, size, condition, and recent sales of comparable properties in the area. The appraisal report will be used as evidence to support the property owner's appeal of the assessed value and may help them reduce their property tax bill.
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Appraisals aid in estate settlements by providing an objective assessment of the value of the assets in the estate, which helps ensure that the estate settlement process is fair, transparent, and compliant with tax laws.
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A divorce appraisal is conducted when a married couple is going through a divorce and needs to divide their assets, including their real estate property. The purpose of the divorce appraisal is to determine the fair market value of the property so that it can be equitably divided between the parties.
Appraisal Fee Schedule
Forms
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$400.00
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$400.00
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$300.00
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$325.00
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$450.00
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$450.00
Supplemental Forms
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$60.00
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$75.00
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$75.00
*typically lender required.
Federal Housing Authority (FHA) pricing may vary.
These rates are typical for all appraisals ordered within Champaign, Urbana, and Savoy city limits. There may be an additional charge for appraisal orders outside of Champaign, Urbana, and Savoy or complex properties. Rates may change at anytime without notice. Please call for exact pricing.