Advanced Appraisal Associates, Inc. is a full service real estate appraisal company located in the Mokena, Tinley Park and Frankfort area with addresses in Oak Forest as well. We are also known experts in the nearby New Lenox and Homer Glen areas as well. We are otherwise located in the Southwest Suburbs of Chicago, with appraisers in Cook, Will, and DuPage Counties.
We specialize in Single Family home appraisals, 2-4 Units, Condominiums, Multi-Family Apartment Buildings, Mixed-Use, Small Commercial properties and Vacant land for all types of financially related transactions as well as personal or litigation reasons including agent or private pre-listing, Assessment Appeal, Bankruptcy, Divorce, Estate, Trust, Possible Sale, PMI removal, partnership dispersion, Probate, Indemnity Cases and Expert Witness Testimony.
Most of our focus or areas of expertise are Central and Southern Cook County to being very active experts in Northern Will County where we now reside. Our areas we are known experts in outside of the above are the Beverly and Mt. Greenwood Areas, Garfield Ridge, Oak Lawn, Alsip, Burbank, Palos Heights, Oak Forest, Tinley Park, Homer Glen and Orland Park to New Lenox with familiarity in these areas for well over 30 years. The Historic Downtown Frankfort area is also one of our main areas of practice and expertise, as well. The owner and DuPage area appraiser has extensive experience, in most DuPage County Markets, from Burr Ridge, to Downers Grove, from Elmhurst to Addison. The President/Owner-Ernie J. Ramos IFA, ASA is a designated and Certified General Real Estate Appraiser(highest license available) in the State of Illinois, with 16 years of commercial and residential experience. He is a member of ICAP(Illinois Coalition of Appraisal Professionals), a very active member of the private/nationwide 100% Real Estate Appraiser Group and also holds or recently acquired an IFA and ASA designation from the NAIFA(National Association Independent Fee Appraisers) which has now merged to become one with the ASA (American Society of Appraisers) the largest multi-discipline appraiser organizations, in the world.
Please check any prospective appraiser's online reviews, their certification type, designations and affiliations, before choosing a professional appraiser! We promise you will not be disappointed if we are hired. We take absolute pride in the profession as well as in the markets we live and practice in. We are able to provide fair, customary and reasonable fees while providing very timely but still high quality service. We are also very involved in the profession associating with some of the most reputable appraisers in the nation on a weekly basis, use up to date technology and utilize the proper tools to be the up most experts in the appraisal industry. If you are wondering "How much is my home worth or other property type?" please contact us.
We offer full appraisals and also offer some "very cost effective" or more affordable "restricted use" appraisals if it is for a single user/entity and/or mere decision making.
From Vacant Land, Single Family, Multi-Family Apartments, Minor Industrial to Small Commercial we can provide high quality, in depth analysis and credible opinions of value for any purpose or problem to be solved.
An appraisal is an unbiased opinion on the worth of a property's fair market value, performed by a trained and Licensed/Certified appraiser. An appraisal starts once an engagement from a potential client is received. From there the property is researched in terms of location and basic characteristics as is the market area, from public and private online data services. The property is then typically visited and observed by the appraiser, both inside and out. The appraiser physically measures the building areas with advanced laser measuring devices or otherwise, then typically photographs both the exterior and interior areas of the property, observing and noting all of the properties characteristics. From that point, market area data is typically researched further from the most similar area sales, land sales, if applicable, to area trends and analysis of. An opinion of Market Value is then derived from the analysis of recent sales that have occurred, market trends, statistics, past and present trends. We are trained in and utilize the most up to date procedures and technology in the process.
For single family properties, the appraisal reports are typically complete within 48 hours from the day/time the appraiser is able to view the property with complex and commercial assignments varying. Our technology, systems and procedures allow us to complete very credible appraisals in a very reasonable time frame, with technology something not all appraisers embrace. Complex, Multi-Family and Commercial Appraisals can take longer, and typically range of 3-7 business days depending on complexity. If you are looking for a Real Estate Appraiser in the Southern Chicago or Suburban areas, please contact us as you will not be disappointed. Please note we are not an appraisal management company(AMC). If ordering a private appraisal I would suggest not ordering from any company classified as an AMC as their model is the cheapest and fastest appraisal, not the most qualified. We will not always be the lowest priced, but we definitely offer a high end product at a fair price and when protecting your investment. Remember cheapest is not the best characteristic to look for, when hiring a professional, especially an appraiser.
Connecting with our community!
American Society of Appraisers the largest multi-discipline
appraiser organization in the country.
Illinois Coalition of Appraisal Professionals