Thursday, July 28, 2016
Real estate appraiser Michael Walsh recently completed a single family appraisal in Glenwood, IL 60425 and shares his market analysis in this video. Located approximately 29 miles South of the Chicago Loop the village of Glenwood has a population of approximately 9,000. Real estate prices have been increasing over the last three years, marketing times are considered average and there is currently an oversupply of inventory on the market.
Sunday, July 24, 2016
External obsolescence is defined as a loss in value caused by negative influences outside site. This video real estate appraiser Michael Walsh comes across a home with severe external obsolescence due to railroad tracks. There's an old saying in real estate at the three most important things are location, location, and location. In this video we have a nice customhouse that was built backing up to railroad tracks. A terrible location.