Business Details
24 Years
experience
Expert Residential Real Estate Appraisals in Illinois
Founded in 2002 by Randall J. Phillips, Phillips Appraisal has established itself as a trusted provider of residential real estate appraisal services in Sangamon County, Illinois. Our team specializes in delivering accurate, unbiased valuations for diverse purposes including estate settlements, divorce proceedings, FHA loans, and litigation support. Holding the prestigious SRA designation from the Appraisal Institute, we combine advanced training with decades of local market expertise to meet the needs of banks, attorneys, real estate professionals, and individual homeowners.We prioritize fast turnaround times, transparent communication, and adherence to the Uniform Standards of Professional Appraisal Practice (USPAP) to ensure reliability. Our clients benefit from comprehensive appraisal reviews, retroactive date-of-death valuations, and expert witness testimony services, all backed by a commitment to ethical standards and client satisfaction. Through continuous education and a focus on emerging valuation techniques, we maintain our position as a leading appraisal firm in central Illinois.
Services
Residential Real Estate Appraisals
Estate Appraisals
Divorce Appraisals
FHA Appraisals
Litigation Support
Appraisal Reviews
Relocation Consulting
Date of Death Valuations
Tax Appeal Services
Expert Witness Testimony
Details
- Year established: 2002
Highlights and features
- We hold the SRA designation from the Appraisal Institute for advanced appraisal expertise.
- Our team provides fast turnaround times for urgent appraisal needs.
- We specialize in complex valuations for estates, divorces, and litigation support.
- Clients receive USPAP-compliant reports meeting IRS and state agency requirements.
- Our appraisers offer expert witness testimony in real estate litigation cases.
Associations and certifications
- Appraisal Institute
What people say
Excellent work product
Quickest turnaround time
Professional and empathetic service
USPAP-compliant reports
Expert litigation support
Services
Residential Real Estate Appraisals
Our residential appraisals provide precise property valuations for homeowners, lenders, and legal professionals. Using local market data and USPAP standards, we ensure accurate assessments for sales, refinancing, or estate planning. Clients benefit from detailed reports that meet institutional and regulatory requirements.
Estate Appraisals
We conduct estate appraisals to determine fair market value for property division or tax purposes. Our reports include retroactive valuations as of date of death, meeting IRS and state agency standards. Executors and attorneys rely on our precise, defensible analyses during probate proceedings.
Divorce Appraisals
Our divorce appraisals deliver impartial property valuations for equitable asset division. We provide court-ready documentation that withstands legal scrutiny, including retroactive assessments matching divorce dates. Attorneys and accountants trust our expertise in contentious property settlements.
FHA Appraisals
We perform FHA appraisals meeting federal housing administration requirements for mortgage approval. Our evaluations assess property safety, security, and market value, ensuring compliance with HUD standards for both lenders and homebuyers.
Expert Witness Testimony
Our SRA-designated appraisers provide expert testimony in real estate litigation cases. We analyze property values for condemnation, eminent domain, or dispute resolution, offering clear, defensible opinions that support legal arguments and settlement negotiations.
People
Randall J. Phillips
Owner
Randall J. Phillips, SRA, has been a residential real estate appraiser since 1998. He earned his SRA designation in 2010 and holds degrees in business administration. He specializes in complex residential valuations and litigation support.
Questions
What areas do you serve for appraisals?
We primarily serve Sangamon County and surrounding areas in Illinois, including Springfield, Chatham, and Rochester.
How quickly can you complete an appraisal?
Most residential appraisals are completed within 3-5 business days, with expedited options available for urgent needs.
Do you provide appraisals for estate tax purposes?
Yes, we offer date-of-death valuations that meet IRS requirements for estate tax filings and probate proceedings.
Are your appraisers certified?
Our lead appraiser holds the SRA designation from the Appraisal Institute and follows USPAP standards.
Can you handle appraisal reviews for lenders?
Yes, we perform desk, field, and narrative appraisal reviews compliant with Federal Reserve guidelines for financial institutions.
Do you offer expert testimony for real estate disputes?
Yes, our SRA-certified appraisers provide litigation support and expert witness services for property valuation disputes.
