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chicago real estate news alert homes underappraising: UNDER APPRAISALS! The Next Shoe To Drop? - 08/02/09 10:51 PM
Hope you had a great weekend, folks!  Cool here in Chicago - not complaining at all!
Up until last week, during my 15 years in Real Estate, I suffered through ONE under-appraisal!
Last week, I endured THREE!
And I am not talking about a few bucks under!  Serious stuff!  $25,000 light on a $215,000 home.  $15,000 low for a $179,000 townhouse.  $20,000 below for a four-bedroom brick home, in the very attractive, but by no means affluent, Dunning Neighborhood on the Northwest Side of Chicago.
Why?
A dearth of direct comparable properties!   Or, too many short sales and foreclosures nearby!  Or, … (152 comments)

 
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Dean Moss - Dean's Team Chicago IL Real Estate Team

Chicago, IL

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Dean's Team - Keller Williams Realty Partners Chicago IL

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