About merit valuation services

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

FHA-HUD Approved Appraiser

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.  


 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. 

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 

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Merit Valuation Services, LLC

Real Estate Appraisal
Chicago, IL 60643
(773) 941-4041
email: appraiser@mvs-llc.com