Real Estate Blog - Appraise & Apprise - William R Hall, Alpha Valuations

Many real estate professionals know May 1, 2009 changed the appraisal side forever. What will August 17, 2024 mean for buyers, sellers, agents, and lenders/loan officers? Buyers and sellers, we'd love to hear from you. If you are selling, we hope your listing agent is providing the best professional advice should you list before this date. If you are listing after, what is your commission strategy? If you are a buyer, are you looking to purchase before that date or waiting for lower interest rates? Lender/loan officer friends - please feel free to reach out so we have all the facts and all learn from the best professionals out there . One question we have... could buy side commissions be rolled in or what is the strategy (especially for first time home buyers)?   To all, always remember that experience, expertise, and service matter.  As a service to you, our readers, great detail about the NAR Settlement could be found in prior posts to keep you informed.

Feel free to contact Will for all your consulting and appraisal needs. We look forward to hearing from you.

William R. Hall
Alpha Valuations

Illinois Certified General Real Estate Appraiser

FHA Approved

Cell 630-301-8530

Email:  william@alphavalues.net



Posted in:General
Posted by William Hall on August 1st, 2024 8:04 AMLeave a Comment

Subscribe to this blog
Will always has, and always will, welcome and greatly appreciate private appraisal work should you want to partner as part of your home buying/selling business process.  As we all navigate the NAR Settlement, we are here to help!  Are you a listing agent and would like to add as a service to your sellers, an unbiased home appraisal that they could share with potential buyers? This could become especially important for buyers who are not represented by a buyers agent.  If so, we would love to chat.  Are you a buyers agent? If so, please let us know how we could best assist.


We provide Appraising & Consulting Services for both Commercial & Residential Real Property.  Our commitment is to provide unparalleled service and market expertise to you, our valued clients, and to become your first choice in  appraising.  Since 2004, we have been engaged to see over 7,000 properties and this provides a keen knowledge of where value lies and what improvements add value -not to mention personalized client service. William Hall's passion for real estate led him to this career path and he's ready for his valuation background to benefit you. Will prides himself on a level of service, honesty, and expertise that is unparalleled. Whether you are buying or selling, his goal is to become the specialist you can count on for some honest advice. 


Feel free to review his full qualifications by visiting our website. 
Residential Appraisals: single family, townhomes, condominiums, multi family (up to 4 units).  Counties: Cook, DeKalb, DuPage, Grundy, Kane, Kankakee, Kendall, Lake, LaSalle, Will, McHenry. Residential appraisal fees start at $400. Rush fees for a fast moving housing market are by quote.
Commercial : Will handles all Illinois. All fees are by quote.

Education, including but not limited to: 


Successfully Completed Courses at McKissock throughout calendar year 2023.Green Building Concepts for Appraisers, 7-hour National USPAP Update, Residential Property Measurement and ANSI Z765, Residential Property Inspection for Appraisers, Best Practices for Completing Bifurcated and Hybrid Appraisals
Successfully Completed Courses at McKissock throughout calendar year 2021.  Uniform Appraisal Dataset.  Residential Construction and the Appraiser.  Relocation Appraisal and the ERC Form. FHA Handbook 4000.1. 
Successfully Completed Courses at the Appraisal Institute including, but not limited to:  09/2009 Appraisal Challenges:  Declining Markets and Sales Concessions 05/2007 IL510 Advanced Income Capitalization 05/2007 IL310 Basic Income Capitalization 08/2006 IL VII Non-Residential Report Writing 06/2006 202R Residential Sales Comparison and Income Approaches  09/2013 – 10/2013 Analyzing Operating Expenses  09/2013 – 10/2013 Rates & Ratios: Making Sense of GIMs, OARs, and DCF 09/2013 – 10/2013 Real Estate Finance Statistics and Valuation Modeling 09/2011 – 10/2011 Apartment Appraisal, Concepts & Applications 08/2009 – 09/2009 Reviewing Residential Appl. and Using Fannie Mae Form 2000 07/2009 – 07/2009 Online FHA and the Appraisal Process 04/2008 – 05/2008 Online Business Practices and Ethics 09/2005 – 10/2005 Online Analyzing Operating Expenses 
 Online Data Verification Methods 09/30/2015Online  Residential Sales Comparison and Income Approach 09/07/2015Online 
 Introduction to Green Buildings: Principles & Concepts 08/30/2015Online  Online Business Practices and Ethics 08/15/2015Online 
 7 Hour National USPAP Equivalent Course 08/11/2015Online  Online Cool Tools: New Technology for Real Estate Appraisers07/19/2015Online 
 12/2003 IL I National Uniform Standards of Professional Appraisal Practice (USPAP) 11/2003 2019, IL II Principals and Fundamental Concepts of Real Estate Appraisal 11/2003 IL III Applications and Methods of Real Estate Appraisal 2017 General Appraiser Site Valuation and Cost Approach 2017 7-Hour Equivalent USPAP Update Course 2017 Business Practices and Ethics 2017, General Appraiser Site Valuation and Cost Approach 2017, 2019 Thinking Outside The Form, 2019 Valuation Resources for Solar Photovoltaic Systems, 

We look forward to working with you!

William R. Hall
Alpha Valuations

Illinois Certified General Real Estate Appraiser

FHA Approved

Cell 630-301-8530

Email:  william@alphavalues.net


Posted in:General
Posted by William Hall on June 24th, 2024 7:28 AMLeave a Comment

Subscribe to this blog
June 17th, 2024 11:34 AM
One featured article (copy and paste please) showing appraisers are the valuable, unbiased, real property professionals you should rely on for your home buy/sell transaction.  The extensive training Will takes could be located on his site in his biography.

https://appraisalbuzz.com/navigating-the-nar-settlement-an-unprecedented-opportunity-for-appraisers/

Our commitment is, and always has been, TO BRING YOU UNPARALLELED SERVICE AND MARKET EXPERTISE.

website: www.alphavalues.net
cell/text:  630 301 8530
email: William@alphavalues.net


Posted in:General and tagged: settlement
Posted by William Hall on June 17th, 2024 11:34 AMLeave a Comment

Subscribe to this blog
Some recent news for your review. Stay tuned for new developments and what economists think!

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/new-practice-changes-underway#:~:text=The%20new%20practices%20changes%20coming,meet%20fair%20housing%20requirements%E2%80%94will

https://www.housingwire.com/articles/nar-settlement-terms-slated-to-go-into-effect-in-mid-august/

https://www.bankrate.com/real-estate/real-estate-commissions-lawsuit-impact/

Posted in:General
Posted by William Hall on May 7th, 2024 6:26 PMLeave a Comment

Subscribe to this blog
May 2nd, 2024 1:06 PM
The landscape is changing. How will you adapt when it comes time to buy or sell your home?  Our goal, now and always before, has been for you to come to us for all your real property questions and needs... whether you're buying, selling, renovating, appealing property taxes (or trying to) etc etc.  We were just speaking with someone in their late 20s who we've known since he was a teen. I was happy to learn he is staying on top of the possible changes due to the lawsuits and how this could effect him as a first time home buyer.  While I know he has a very large family and I'm sure he'll lean on them to assist him when he finds his first home, many do not.  Whether you are a first time home buyer or an experienced buyer/seller, there will certainly be a lot of questions and we're here and happy to help!  Experience, service, trust, and market valuation expertise is indeed the best solution -- and that is why we hope we are your first choice to call.  As we see new developments, we will continue to post in our blog. Zillow's announcement, link to the story and the touring agreement is here to copy and paste... and there will be many to follow.    https://www.zillowgroup.com/news/zillows-touring-agreement/

william@alphavalues.net  email
630-301-8530 cell/text 

Posted by William Hall on May 2nd, 2024 1:06 PMLeave a Comment

Subscribe to this blog
Every winter I wait for these dates to come out so I could plan my summer!  Figured I'd share (for you to copy and paste the links).

CONCERTS:
https://www.mlb.com/cubs/tickets/concerts

https://www.nbcchicago.com/news/local/here-are-the-concerts-coming-to-chicagos-soldier-field-this-summer/3353118/

https://www.unitedcenter.com/events/month/

https://www.tinleyparkamphitheater.com/concerts/


Art Fair:
https://amdurproductions.com/event/burr-ridge-art-fair/

Chicago Cubs:
https://www.mlb.com/cubs/tickets?mlbkw=ds-g-p79677095010&gad_source=1&gclid=Cj0KCQjw_qexBhCoARIsAFgBleunE6U1thwypT1tB_8yz30opi9rATp74cxwx9QFA3YgNKW17F1RS4kaAogAEALw_wcB&gclsrc=aw.ds
 
Chicago Guide
https://www.choosechicago.com/articles/festivals-special-events/chicago-festival-event-guide/

Sox
https://www.mlb.com/whitesox/schedule/2024-04?utm_source=SEM&utm_medium=CWS_SEM+&utm_campaign=Season_Schedule&utm_term=Schedule&utm_content=Single_Game&mlbkw=ds-g-p79536798429&gad_source=1&gclid=Cj0KCQjw_qexBhCoARIsAFgBlesr1OLNdmb8X5nWfFUEfn6-wXQNwQJm8yheD-eMhk3Za05UBWesp9kaAhsiEALw_wcB&gclsrc=aw.ds

It's been a while since we gave a shout out to a business. We're always for supporting local businesses and farmers. Our CSA for veg for near 10 years now...  highly recommend!
https://www.nicholsfarm.com/restaurants


Posted in:General
Posted by William Hall on April 25th, 2024 12:51 PMLeave a Comment

Subscribe to this blog
April 10th, 2024 8:18 AM
 

right

More and more homeowners today are choosing to sell their homes FSBO (For Sale By Owner) and foregoing the help of a real estate agent.Selling your home by this method can end up saving you a potential “hefty” commission (industry average is 5-7% of the home’s selling price).Plus many FSBO sellers feel that they have more control in the process of selling their home since they’re in essence making all the rules.

 

 

According to the National Association of Realtors, over 70% of all homebuyers now use the Internet to search for homes so if your house isn’t on the internet, it should be. And that’s where we can help. I can provide you with a great marketing tool to get your home on the web in front of potential buyers. 

 

Here’s how it works. You order an appraisal from us via our website.  Once the report is complete, I can provide you a summary page of the appraisal. You'll have this along with your  FSBO site. A unique webpage URL is created for your property address that you use in all aspects of marketing your home to potential buyers. Your personal FSBO should be displayed as a beautiful Flash-animated listing brochure – just like what actual real estate agents use to market their listings. Your webpage might also include: 

 

  • A prominent display of your contact information so potential buyers know how to reach you.
  • A Property Details and Property Highlights area to display information like community, school district, your home’s unique amenities, and any other features about your home you want to highlight.
  • A detailed summary of our complete appraisal report for you and your potential buyers
  • An online location map so prospects can see your exact property address
  • An impressive tour of all the photos of your home 
  • An e-mail link for potential buyers to send your webpage to a friend

You know your home better than anyone. And you know what features to highlight and what features you might want to downplay. So let us help you get the exposure your home deserves. 


Posted in:FSBO and tagged: FSBO
Posted by William Hall on April 10th, 2024 8:18 AMLeave a Comment

Subscribe to this blog
January 16th, 2024 9:49 AM
Home Maintenance:Winter
A key to protecting the investment you've made in your home is by following a regular maintenance schedule. By performing preventative maintenance on an on-going basis, you'll avoid many of the big ticket repair items that can lower the value of your home.

Here are helpful checklists for monthly and winter maintenance.

Monthly

  • Test your smoke alarm and carbon monoxide detector.
  • Check the filters on your heating and cooling systems. Be sure to clean and change according to the manufacturer's schedule.
  • If you have a humidifier or an electronic air filter, check these as well.
  • Check faucets for drips. Check plumbing for leaks.

Winter

Inside
  • Check furnace air filters each month during the heating season. Clean or replace as necessary. Consult your owner’s manual for your hot water heater. Most recommend draining a dishpan full of water from the clean-out valve at the bottom of your hot water tank to control sediment build-up to maintain its efficiency.
  • Check all fire extinguishers. Recharge or replace as necessary.
  • Review family’s escape and preparedness plans for fire and natural disaster.
  • Check locks on doors and windows to ensure they are functioning properly.
  • Make sure the basement floor drain’s trap contains water. Refill as necessary.
  • Throughout the winter, watch for excessive moisture build-up. Take necessary action whenever excessive build-up exists to prevent future maintenance and health problems. (For example, excessive condensation on windows.)
  • Test all faucets and monitor for signs of dripping. Change washers as needed. (If a faucet leak persists, it may need replacement.)
  • Check and clean drains in sinks, bathtubs, shower stalls and dishwasher.
  • Test all plumbing shut-off valves to ensure they are in proper working order.
  • Monitor windows and doors for cold air leaks or ice accumulation. Note any problems for repair or replacement in the spring.
  • Check attic for frost accumulation. If there is excessive accumulation, it may require repair.
  • Before installing indoor or outdoor seasonal lights, check all electrical cords, plugs and outlets for signs of wear. Test cords and plugs, if they feel warm to the touch or show any signs of wear, replace immediately.
Outside
  • Test all outside lights and timers to make sure they are functioning properly. Before installing indoor or outdoor seasonal lights, check all electrical cords, plugs and outlets for signs of wear. Test cords and plugs. If they feel warm to the touch or show any signs of wear, replace immediately.
  • Check roof for ice dams or icicles. If there is excessive staining or frost on the roof’s underside or excessive ice accumulation on the roof itself, it may require repair.
  • If you use a portable humidifier, it's time to clean it.

Posted in:General
Posted by William Hall on January 16th, 2024 9:49 AMLeave a Comment

Subscribe to this blog
January 5th, 2024 1:18 PM

It's time to celebrate the new year! Thanks for your business. We truly appreciate it and hope you'll keep Alpha Valuations in mind the next time you need a property appraisal. We're just a phone call or mouse click away!

Sincerely,
William Hall
Alpha Valuations
(630) 301-8530

Happy New Year!

It's time to celebrate the new year! Thanks for your business. We truly appreciate it and hope you'll keep Alpha Valuations in mind the next time you need a property appraisal. We're just a phone call or mouse click away!

Sincerely,
William Hall
Alpha Valuations
(630) 301-8530

It's time to celebrate the new year! Thanks for your business. We truly appreciate it and hope you'll keep Alpha Valuations in mind the next time you need a property appraisal. We're just a phone call or mouse click away!

Sincerely,
William Hall
Alpha Valuations
(630) 301-8530


Posted in:General
Posted by William Hall on January 5th, 2024 1:18 PMLeave a Comment

Subscribe to this blog
December 17th, 2023 8:08 AM

Posted in:General
Posted by William Hall on December 17th, 2023 8:08 AMLeave a Comment

Subscribe to this blog