Gina Reynolds began her career in the Residential Real Estate Valuation Industry in 2004 part time to supplement her family income while raising her children. She soon realized her passion for the industry and started her own successful appraisal business in 2009. Working directly with lenders, appraisal management companies and consumers, she has appraised all types of residential properties in the Chicagoland area. She is actively involved in a number of organizations such as the Appraisal Institute, ICAP (Illinois Coalition of Appraisal Professionals) and MRED.
For years, mortgage lenders and consumers have called upon our expertise to provide high-quality value estimates on all types of residential real estate in Cook, DuPage, Kane, McHenry and Lake Counties. By continuously keeping up with local real estate trends in Cook County and refreshing our knowledge regarding valuation techniques through accredited courses and affiliations, we've been consistently able to generate reliable home valuations for people just like you.
GR Accurate Appraisals, Inc. uses the latest technology to save you time and money. We also know that no matter where you go, service is the top reason a client comes, goes, stays or gives your number to their friends. You'll be treated with the utmost respect throughout the course of working and communicating with GR Accurate Appraisals, Inc. Finally, what it boils down to is simply an unbeatable experience for our customers. Let us prove to you why we're the appraisal firm for you. Call us today.
A home appraisal is an unbiased valuation performed by a trained and licensed individual.
An accurate appraisal has the power to protect home sellers, home buyers, and mortgage lenders. In addition, an appraisal can be requested for Pre-listings, Estate Planning, Divorce, Bankruptcy and other financial reasons. Therefore, it is important to make sure that a qualified, independent appraiser evaluates your home.
The in-person portion of an appraisal can take up to one hour, depending on your home size. The appraiser will measure the property’s square footage, check the number of rooms, bedrooms and bathrooms in your home as well as the condition.
Appraisers will account for many home improvements and upgrades as well. This is perhaps the most confusing area for consumers, since remodeling and other home upgrades may not have universal value and cost does not necessarily equate value.
The next step is for the appraiser to look at comparable sales, also often referred to as “comps.” Comparable sales are similar homes that have recently sold in the general area or that specific neighborhood or subdivision. Appraisers look for houses that share similar characteristics with the subject property, such as size, age and architectural style. Those sales are analyzed by the appraiser to determine market value.
The last step in the home appraisal process is preparing a final report of value. This report will provide you and your lender with a complete property analysis. It will also outline how the appraiser calculated your home’s worth.