If you’re a first time home buyer or seller, you may have questions about some of the steps along the way.  We’re here to help, and this week in our Real Estate in the Real World series we’d like to shed light on the appraisal process.

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When a buyer’s offer is accepted and the application for their loan is pending, one of the approval factors is the appraisal of the home.  As brokers on the listing side, we are always present for the appraisal.  We will note the amenities and features that distinguish the home, and with the appraiser’s permission we will review and discuss the comparable properties in the area both sold and under contract.  
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Without the justification of the purchase price, the loan will not be approved, and the transaction could end there.

 At the Gracik Makinney Group, we work actively and diligently to ensure that every part of the process is as smooth and successful as possible.

When buying or selling a home, it is of highest importance to enlist the help of a qualified professional who will do what it takes to complete the best possible transaction.  If you or someone you know are interested in buying or selling, The Gracik Makinney Group is happy to be a valuable resource in Elmhurst real estate.  Give us a call at 630-441-5570 or visit us on the web at www.gmregroup.com