Retrospective Appraisals

extract from appraiser buzz Here are four main considerations when conducting a retrospective appraisal: 1.)  Establish a proper “effective date” right off the bat. The first responsibility of an appraiser working on a retrospective appraisal is to communicate with his or her client to establish a proper “effective date.” An effective date is the retrospective […]

Need a pre-listing appraisal? Contact Spero Appraisal Services.

There are many of sellers who think their home is worth a lot more than it really is, and an appraisal helped them to decide on a realistic price for their home in order for it to sell. Overpriced homes do not attract potential buyers, which means no offers and no closing and that you […]

Tax Appeal Season Opens in Many States

article from Appraiser News: Appraisers have opportunities in many states to perform appraisals on both residential and commercial properties for the purpose of helping to determine the proper assessment (and ultimately, the tax burden).  For some reason, many appraisers have not familiarized themselves with the rules and regulations (i.e. effective date of the appraisal, deadline […]

Chicago Divorce Appraisers

When handling a divorce, choose  Spero Appraisal Services to handle your valuation needs. Finalizing a divorce involves many decisions, including who gets the house. There are generally two choices when it comes to the house – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, […]

Challenging An Appraisal

Here is the scenario: You have tirelessly worked to negotiate a sales contract between the buyer and seller and have now finally arrived at an agreed upon price. Unless the sales terms are cash, the lender most likely will order the “dreaded” appraisal for the subject property. Then, after a week or so of anxiously […]

Chicago Appraiser

What is the difference between a certified appraisal and a brokers market analysis or price opinion?

A certified appraisal is a formal, impartial estimate or opinion of value, usually written, of an adequately described property,  as of a specific date, and supported by the presentation and analysis of relevant data. It is prepared as a result of a retainer,  for reliance by identified parties, and for which the appraiser accepts responsibility. Only […]

FSBO – For Sale By Owner

Buying a FSBO (For Sale By Owner) property? Buying FSBO real estate, or houses for sale by owner, has its own particular problems and opportunities. Dealing with an uninformed seller who thought he knew enough to handle everything by himself can be frustrating, but it can also be very profitable if you are prepared. First […]

Chicago Divorce Appraiser

If you are currently going through a divorce,  your attorney may have asked for an appraisal of your real estate assets. The most reliable method in determining an opinion of market value is to hire a State Certified Residential Real Estate Appraiser. At Spero Appraisal Services, we can help make these difficult times easier by […]