Appraisal Questions, Answered
Plain answers to the questions clients ask before engaging an appraiser.
- How long does a real estate appraisal take?
- Most residential appraisals are delivered within a few business days of inspection. Commercial assignments take longer because income and market analysis is more involved. PahRoo confirms the turnaround in writing before the engagement begins.
- What is the difference between an appraisal and a realtor price opinion?
- An appraisal is prepared by a state-certified appraiser under professional standards and includes a signed certification. A broker price opinion is a sales estimate and carries no such certification. Lenders, courts, and assessment boards accept the former.
- Do you appraise property for divorce and estate matters?
- Yes. PahRoo prepares valuations with a specific date of value for divorce, probate, and estate settlement, and provides expert testimony where the valuation is contested.
- Can an appraisal help lower my property taxes?
- An independent appraisal provides the evidence an appeal needs when an assessment overstates market value. It does not guarantee a reduction, but it replaces opinion with documented analysis.
- Which areas does PahRoo serve?
- PahRoo is based in Lincolnwood, Illinois and appraises property throughout Chicago and Cook County, with coverage in Dallas, Philadelphia, Phoenix, and Naples.
Still have a question?
Call (773) 388-0003 or email appraisal@pahroo.com.