About merit valuation services


Real Estate Appraisal

Chicago, Illinois 60643

(773) 941- 4041

email: appraiser@mvs-llc.com

Merit Valuation Services takes the time to do the job right.  We clearly explain our findings to help you make the right decision.  We understand the importance of an accurate, timely appraisal and don't consider a job to be complete until all of your questions are answered.

Merit Valuation Services proudly performs appraisals throughout the Chicago Metro area, Illinois,  Indiana and Ohio. 

Merit Valuation Services, LLC

Certified General Real Estate Appraiser and Merit Valuation Services Founder, David P. Gulley.

FHA-HUD Approved Appraiser

David Gulley's Professional Education Includes:

  • Standards of Professional Practice #IL1
    • Fundamentals of RE Appraisal #IL II
      • Appraising the Single Family Resident #IL III
        • Residential Case Study #210
          • Basic Income Capitalization #310
            • General Application #320
              • General Report Writing #IL VII
                • Cost Approach to Commercial Appraising #10051052
                  • Analyzing Operating Expenses #175000093
                    • Advanced Market Analysis & HBU
                      • General Appraiser Report Writing & Case Studies
                        • Advanced Income Capitalization 

Merit Valuation Services was founded in 1999 on strength in principle, integrity and knowledge.  Our appraisers are equipped with the knowledge, tools and technology to create quality appraisals with merit.

Over the years Merit Valuation Services has become a trusted source of expertise in the valuation of senior housing real estate in partnership with Cooper Valuation Group.  This includes ILF, ALF, SNF  age-restricted apartment buildings, Continuum of Care Retirement Communities, and Alzheimer /Dementia Facilities.  We are familiar with HUD's LEAN PROGRAM for issuing mortgages for Section 232's.  MERIT's services encompasses properties of all types and sizes, including residential, commerical, industrial and special purpose properties.