How Chicago’s Housing Market Compares to the Rest of the U.S. Last week, we looked at how Chicago’s housing market is holding its own in a pretty strange national environment. This week, let’s zoom out. A lot of U.S. metros are going through real shifts, while Chicago keeps moving along at a steadier pace. That … Read more
October Housing Costs in Chicago: What Buyers & Sellers Need to Know Now Chicago’s housing market kept its steady, slightly cooling pace through October — but the story is more nuanced than a simple “up or down” headline. For homeowners thinking about listing, and for buyers trying to read the market, understanding how the city’s … Read more
Valuation Appraisals: Home Upgrades That Increase Your Sale Price When you’re preparing a home for sale, one of the key factors that sellers and appraisers alike consider is the condition and appeal of the property from the perspective of a valuation appraisal. By making targeted upgrades, you can help your home stand out in comps, … Read more
What Appraisers Actually Look for During a Home Appraisal When you’re buying, selling, or refinancing a home, one of the biggest questions is: what exactly does an appraiser look for? Understanding this can help you prepare your property for a home appraisal, before the appraiser ever steps inside. At Real Valuation Services (RVS), our certified … Read more
The 5 Most Common Reasons a Home Appraisal Comes In Low — and What You Can Do About It Few things are more frustrating for homebuyers and sellers than a low home appraisal. In today’s competitive Chicago housing market, even a small gap between the appraised value and the agreed-upon purchase price can put a … Read more
Why September Home Sales Matter for a House Appraisal in Chicago If you’re preparing a home purchase and house appraisal in Chicago, recent September housing data offers valuable context on what your property may be worth today. Appraisals are tied closely to market conditions — and the latest numbers from the Illinois REALTORS® show a … Read more
Valuing Real Estate When Refinancing a Home Loan When homeowners consider refinancing their mortgage, one of the most important steps in the process is valuing real estate accurately. The property’s appraised value plays a direct role in determining whether a refinance makes sense, what loan terms you may qualify for, and how much equity you … Read more
How Long are Property Appraisals Valid in Chicago? When buying, selling, or refinancing a home in Chicago, one of the most common questions homeowners and buyers ask is: How long is my property appraisal valid? The answer isn’t always straightforward, but generally, a property appraisal is considered valid for 90 days. However, depending on the lender, loan type, … Read more
What Services Are Included in a Standard Home Appraisal Package? When buying, selling, or refinancing a property, one of the most important steps is getting a home appraisal. But what exactly does a standard appraisal package include, and what can homeowners in the Chicago marketplace expect? Core Services in a Home Appraisal A typical home … Read more
Why You Need Estate Valuation Services: Legal and Practical Reasons When it comes to handling the financial affairs of an estate, accuracy is not just helpful—it’s legally required. Whether you are managing the estate of a loved one, planning your own legacy, or dealing with inheritance tax matters, estate valuation services provide the professional expertise … Read more