Category: appraisers

Your home isn't worth as much as you think it is -- just ask your real estate agent

Here’s what real estate agents dislike about home sellers: They all hold too high an opinion of their own residences. Sure, they understand that home prices across Chicago and its suburbs have fallen. They just think it’s the homes of everyone else whose values have fallen. As one veteran agent told me just last week:... Read more »

Finding the silver lining of falling housing prices

Bob Arnold’s certainly not a pessimist. How can he be? He’s found the silver lining in falling home prices. Arnold is a real estate agent with RE/MAX Team 2000 in Orland Park. You’d think he, of all people, would be sweating the lower housing prices. But here’s what he’s found: The lower housing prices in... Read more »

Finding the silver lining of falling housing prices

Bob Arnold’s certainly not a pessimist. How can he be? He’s found the silver lining in falling home prices. Arnold is a real estate agent with RE/MAX Team 2000 in Orland Park. You’d think he, of all people, would be sweating the lower housing prices. But here’s what he’s found: The lower housing prices in... Read more »
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Trouble refinancing? Keep calling

People don’t like mortgage lenders. It’s not hard to understand why. I’ve been trying for the last two days to determine if I can refinance my existing mortgage loan. The problem is that I’m underwater, owing more on my home loan than what my residence is worth. To refinance, I’ll need to rely on the... Read more »

If this is such a great time to buy a home, why aren't more doing so?

A few weeks ago, I spoke with Louis Cammarosano, general manager with HomeGain, about a wide variety of topics, everything from why so many real estate agents across the country don’t like Pres. Obama to why home sellers and their agents have such a wide disconnect between what their homes are worth. At some point... Read more »

Fearing the appraisal in Chicago

Beki Darin I’d love to refinance my mortgage loan. Problem is, I don’t think my modest single-family home in Chicago’s west suburbs would appraise at a high enough value. In fact, I’m pretty certain that I am one of the many Chicago-area homeowners who is underwater. For those not in the know, this means that... Read more »
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