How Things Work
Private Appraisals
We believe in working with our customers every step of the way. If you are unfamiliar with how Value Midwest does business, or are ordering an appraisal for your first time, we are more than happy to help walk with you from start to finish.
Request a Quote
Sign the Letter of Engagement
Schedule the Inspection
Request a Quote
Appraisal Development and Reporting
Complete Your Payment
Receive Your Report
The first step of an appraisal begins with you. When you ask for a quote for an appraisal, we will ask you for some information about what you would like appraised. For example, we need to know exactly where the property (often called "parcels") is located.
If you know the Parcel/Tax Identification Number and the county where it is located, we can quickly find the property and review it for a quote. Similar to Parcel/Tax IDs, legal descriptions of the property using the Public Land Survey System (PLSS) is also acceptable.
If you don't know the Parcel/Tax ID, a street address is also fine, though you might need to give some small details if it's not obvious where it is when looking at a map.
After we review the property, we will contact you with a quote for how much we would charge if we were to conduct an appraisal. Quotes are always free, and we do our best to provide quality service at a reasonable price.
Sign the Letter of Engagement
The Letter of Engagement is a contract that defines the terms of services that we will be providing for you. It includes things such as the scope of work and the agreed price for our services, and when the appraisal is due. Until the Letter of Engagement is signed, appraisal work will not begin.
Schedule the Inspection
After the Letter of Engagement has been signed, we'll work with you to schedule an inspection - if a part of the agreed Scope of Work. One of our appraisers will personally visit the property you would like appraised. During an inspection, the appraiser may measure buildings, take photos of the land, buildings, and/or equipment to be valued and also inspect the neighborhood for relevant outside influences, if any.
Appraisal Development and Reporting
Our appraisers review the information they've gained from their inspection. Appraisers will conduct an in-depth analysis of the property, research similar properties and their values, and verify their sources. By employing valuation methods most applicable and reliable, the appraiser will reconcile the data to a market based indication of value.
We understand the urgency of receiving your appraisal report and will meet your deadline.
Complete Your Payment
You may pay for your appraisal at any point after you have signed the Letter of Engagement. However, you may only receive your report after we have received your payment in full. Payment can be made by check, or credit/debit card (with a small convenience fee).
Receive Your Report
Your report will arrive electronically, though you may also receive a physical copy of your report through the mail. We will not share your report with anyone without permission. We are more than happy to discuss any details with you about the report, our methods that we used to reach our conclusions, and anything else that you might like to know.
Ready to Get Started?
Are you ready for your free quote for an appraisal?
Remember, to receive the most accurate quote in the shortest amount of time, we'll need to know the exact property or properties being appraised. If you forget to tell us this information, or if it is not included in your request for a quote, we'll have to contact you and ask you for it. At a minimum, we'll need Parcel/Tax Identification Number or street address of where the property is located.
After we review the property, we will contact you with a quote for how much we would charge if we were to conduct an appraisal. Quotes are always free, and we do our best to provide quality service at a reasonable price.