Aboutus

Davidson & Associates has been supplying quality appraisal services since 1953 when Willard Davidson, SRA established his "one man" appraisal office in cooperation with Scott Real Estate Agency in downtown Rockford. Willard was a member of the Society of Real Estate Appraisers and held the SRA designation. Over the years Willard taught appraisal courses throughout the northern Illinois area and mentored some of Rockford's leading appraisers.

In 1975, Willard was joined by his youngest son Charles. Willard and Charles worked together until 2002 when Willard retired. Davidson & Associates is now operated by Charles Davidson, MAI, SRA and his wife Rebecca Davidson.

The appraisal staff of Davidson & Associates is made up entirely of of Illinois Certified General appraisers, qualified to meet virtually any of your appraisal needs. Furthermore, all of our appraisers are listed on the Illinois Department of Transportation's approved appraiser list.

Charles Davidson, MAI, SRA is one of three Rockford based MAIs. An MAI is a general appraiser that is a member of the Appraisal Institute and has completed exhaustive educational requirements and professional review to earn the MAI designation. The Appraisal Institute is the nations oldest and most respected appraisal organization. In addition to appraisal, Charles Davidson has served on all of the executive officer positions of the Northern Illinois Chapter of the Appraisal Institute more than once. Charles has also taught appraisal courses for Rock Valley College and the Real Estate Education Company and qualified as an expert witness in most counties in north central and northwestern Illinois.

John Nelson has been with Davidson & Associated for more than 20 years. Prior to his career in appraisal, John had experience in new construction and sales. John specializes in commercial and eminent domain appraisal and has qualified as an experienced expert witness in most of the counties in north central and northwestern Illinois. In addition to being an Illinois Certified General Appraiser, John holds a degree in Finance from Northern Illinois University.

Rebecca Davidson is a Illinois Certified General appraiser and specializes in residential and commercial properties. She is approved for FNMA and FHA appraisals and has performed appraisals for most of the Rockford area lenders as well as the City of Rockford and Winnebago County. Rebecca is also experienced in performing appraisals for tax appeals and eminent domain purposes.

Davidson & Associates also maintains working relationships with various northern Illinois appraisers for work referrals and for collaborative efforts for large land acquisition projects.

Our firm can provide standard 1004 form appraisals for lending purposes for fees typically ranging from $275 to $350 depending on location. Large estates or custom homes may require higher fees. Our area of operation for this type of appraisal is Winnebago and Boone Counties.

Non-residential appraisals are bid on a case-by-case basis. Typically, any assignment requiring a narrative report will have a minimum cost ranging around $1,000. The property type and scope of the assignment are major factors in developing the fee.

Once bid, we will stand by our terms of engagement unless something not known at the time of the bid becomes apparent. Under no circumstances will we unilaterally adjust the terms of engagement. We also strive to give honest turn around time estimates (we realize time is of the essences). Sometimes delays are unavoidable, but we keep the client in the loop if a problem appears.

Our area of focus has been eminent domain appraisal and review appraisal services. We have been providing appraisal services for the Illinois Department of Transportation (District 2) since 1985. Other major government clients include IDOT District 3, the Illinois Toll Highway Authority, and the Federal Government of the United States of America. We have also provided land acquisition appraisals for the City of Rockford, County of Winnebago and most of the surrounding counties and many municipalities.

We are the only Rockford area appraisal office whose entire appraisal staff is listed on the I.D.O.T. approved appraiser list.

This gives us the ability to take on small or large land acquisition projects. Using a single office for larger projects results in greater consistency in property valuation between various components of the project, which typically benefits the negotiation phase. Dealing with a single appraisal office also improves communication, minimizing potential problems arising from changes to the project.

The adjoining photos are of the area acquired for the new Federal Courthouse in downtown Rockford. We were also the primary appraisal firm for the Justice Center project, Kishwaukee Street expansion, Auburn Street expansion, and we are currently the primary appraisal firm for the Route 2 /

Latham Road overpass project. Other large projects include the third Rock River crossing in the quad-cities area, various parcels along Route 2 between Byron and Oregon Illinois, Route 173 from Route 251 to the new I-90 interchange in Machesney Park, and Route 20 improvements in Galena, Illinois.

We also provide eminent domain appraisal services for property owners (as long as our firm has not provided appraisals for the condemning authority in the same project). Contrary to what some would suggest, we are not "hired guns" for either side.
We are highly experienced in developing appraisal for eminent domain (particularly under Illinois eminent domain law), meaning we are knowledgeable in valuing the part taken and identifying elements of allowable damage to the remainder. These are not skills typically held by appraisers whose usual assignments are for lending purposes. We are eminent domain specialists.