Illinois Appraisal Affidavit
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
This form provides the basic deatails of an appraisal and is signed and sworn before a notary.
Instant Download
$19.95
Free eSignature included
File types included
- Microsoft Word
- Adobe PDF
- WordPerfect
- Rich Text Format
Compatible with
- Windows
- Mac OS X
- Linux
For Immediate Download
$19.95
Free eSignature included
with every order
Attorney prepared
Our forms are kept up-to-date and accurate by our lawyers
Valid in your state
Our forms are guaranteed to be valid in your state
Over 3,500,000 satisfied customers
Free eSignature
Sign your form online, free with any form purchase
60-Days Money Back
Try our forms with no risk
25+ Years Trusted
Serving customers since 2001
This form for use in Illinois.
Illinois Appraisal Affidavit
Product Details
| Product | Illinois Appraisal Affidavit |
| Country | United States |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Appraisal Affidavit |
| Product number | #29029 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
An appraisal affidavit is a legal document that provides a sworn statement regarding the value of a property, typically required during real estate transactions to satisfy lender requirements.
The appraisal affidavit must be signed by the appraiser who conducted the property valuation and is often notarized to ensure its authenticity.
An appraisal affidavit is generally required at the closing of a real estate transaction, especially when financing is involved, to confirm the property's appraised value.
While an appraisal report provides similar information, many lenders specifically require an affidavit for formal verification, especially for legal purposes.
Failure to provide an appraisal affidavit when required can delay the closing process or result in the denial of financing by the lender.
Yes, the appraisal affidavit must adhere to specific legal standards and formats as dictated by Illinois law to be considered valid.
The validity of an appraisal affidavit can vary, but it is generally considered valid for a limited time, often until the closing of the transaction or until a new appraisal is conducted.
If you believe the appraisal value is inaccurate, you may contest it through the appropriate channels, such as requesting a new appraisal or discussing it with your lender.
Is This Form Right For You?
Use This Form If:
- Individuals who are finalizing a real estate transaction may need to provide an appraisal affidavit to their lender. This document assures the lender that the property has been appraised at a certain value, which is crucial for securing financing.
- Situations requiring a formal verification of property value often call for an appraisal affidavit. For example, when a homeowner seeks to refinance their mortgage, this affidavit can serve as proof of the current market value of their property.
- To comply with state regulations, sellers may be required to submit an appraisal affidavit during the closing process. This ensures that all parties involved have a clear understanding of the property's value and helps prevent disputes.
- For those involved in estate planning, an appraisal affidavit can be necessary to establish the value of inherited property. This documentation can assist in the equitable distribution of assets among heirs.
- Real estate agents often advise their clients to prepare an appraisal affidavit when negotiating a sale. This document can strengthen their position by providing a formal valuation that supports the asking price.
Do Not Use If:
- – This form is not appropriate when the property has not been formally appraised. An appraisal affidavit relies on a valid appraisal report, so using it without one would be misleading.
- – If the transaction does not involve financing, such as a cash sale, an appraisal affidavit may not be necessary. In such cases, the buyer and seller can negotiate the price without formal appraisal documentation.
- – In situations where the property value is contested or under dispute, using an appraisal affidavit may not be advisable. Legal disputes should be resolved through proper legal channels rather than relying on an affidavit.
- – For properties that are not real estate, such as personal property or vehicles, this form would not be suitable. The appraisal affidavit specifically pertains to real estate transactions.
- – If the appraisal is outdated or does not reflect current market conditions, submitting an affidavit based on that appraisal could lead to complications in the transaction.
Save with a Combo Package
You've found your form, but will you need others? If there are other related forms you may need in the future, it may be beneficial to look at our combo packages. On average, customers who purchase a combo package save 40% on the related forms they need.
Save Money by getting our popular Affidavit forms together in one convenient packet
Related Forms
Name Affidavit
This is an affidavit form that allows a person to state under penalty of perjury or under oath that...
General Affidavit
General Affidavit setting forth certain facts for use in all states.
Bulk Transfer Affidavit
Bulk Transfer Affidavit for use in all states
Affidavit of Title
This specialized type of affidavit is used in real estate transactions to verify certain information...
Affidavit Forms Combo Package
Save Money by getting our popular Affidavit forms together in one convenient packet
Looking for something else?
Search our extensive library of legal forms