ChitownLiving | Chicago Real Estate + Life

Often times, closing for a new construction is months or years away from the contract date.  The Developer’s contract may require financing contingencies, which can be 30 days after contract acceptance.  It appears a little odd to impose a requirement on someone to obtain an unconditional loan commitment one year from the closing date.  I make [...]

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The appraisal process often baffles consumers. They may feel their home is worth a higher dollar amount, and the appraised value doesn’t always make sense to them. It is important to know that appraisal guidelines are dictated by the lenders, and in some states, it is a requirement to also disclose what the appraisal will [...]

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