Chicago and Lincoln Park real estate and homes for sale in Illinois - Tod Pratt, REALTOR® Tod Pratt REALTOR(r) for Lincoln Park, Illinois real estate - NUMBER1EXPERT™ Tod Pratt NUMBER1EXPERT(tm) for Lincoln Park, Illinois real estate

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Tod Pratt, REALTORŪ, real estate agent and broker for Chicago and Lincoln Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
About Appraisals >Lender Appraisal

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.

To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.

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Real Estate Trivia
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From 1974 to 1996, what was the world's tallest habitable building?

A 
The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.
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Tod Pratt, REALTORŪ, real estate agent and broker for Chicago and Lincoln Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Tod Pratt
Koenig& Strey

1940 North Clark Street
Chicago, IL 60614
312-475-4185
773-744-4433
Fax: 312-943-6500
tod@yourhomeinchicago.com

Tod has been successfully selling residential real estate full time for the past 16 years. Since the beginning of his real estate career, Tod has believed that good listening and communication skills are his keys in assisting his clients toward the successful search, purchase, and closing of their new home. In this service-oriented business, giving clients the timely, appropriate advice they need is what Tod strives to deliver to every client. In 1993 Tod received the GRI designation (Graduate Realtors Institute), and in 1994, the CRS designation (Certified Residential Specialist). Being the recipient of these designations shows Tod's professional commitment to his industry, and more importantly, to his clients. Tod has had much experience in assisting relocating corporate clients into their new city and home. Tod has been a recommended realtor of Johnson & Johnson, Bristol-Myers Squibb, Jannsen Pharmaceutical, along with many others. Tod specializes in the sale of the following downtown areas of Chicago: Lincoln Park, Gold Coast, The 'Loop', River North, River West, Wrigleyville, and Lakeview. Give Tod a call today and let him use his experience to help you find 'your home in Chicago'.

CRSEqual HousingGRI


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