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Real Property Advisors
- Real Estate Services
- Burr Ridge, IL
About this business
Real Property Advisors is located at 7045 Veterans Blvd Ste B, Burr Ridge, IL. This business specializes in Real Estate Appraisal.
Location details
7045 Veterans Blvd # B, Ste B, Burr Ridge, IL, 60527, United States
Get directions| Weekday | Schedule | Status |
|---|---|---|
| Mon | 9:00 a.m. to 6:00 p.m. | |
| Tue | 9:00 a.m. to 6:00 p.m. | |
| Wed | 9:00 a.m. to 6:00 p.m. | |
| Thu | 9:00 a.m. to 6:00 p.m. | |
| Fri | 9:00 a.m. to 6:00 p.m. | |
| Sat | Closed | |
| Sun | Closed |
Real Property Advisors is the worst possible appraisal company. There are many examples I can give. However this one stands out in particular. One of their appraisers appraised a rental condo I own for $250,000 with 2,153 square feet. Sixteen months later, another appraiser in this same company appraised the same condo at $165,000 and a squar Regarding 4002 S. Calumet #1N, your first appraisal from December 2015 was for $250,000 and showed a square footage of 2,153. Mr. Pendergrast came up with a value in March 2017 of $165,... read more
Our lender used this property appraisal company and it was a nightmare. There were multiple errors with the data for 3 of the 4 comps used, as well as our house. The appraised value came back ridiculously low. Even after we pointed out all the errors and requested a revision, the appraiser still gave us a number that was $13,000 less than our tax assessed value, which was crazy given the current housing market. Our only option was to pay for a second appraisal or accept a higher interest rate, costing us both time and money.
Our lender utilized Real Property Advisors for an appraisal. The appraiser came in a full 440 square feet below the MLS listing and 220 square feet below a different appraisal. In addition, valuation returned a growth that was 1/3 of market growth (and did not incorporate any renovations). RPA was difficult to work with and slow to respond.
I worked with RPA as a independent contractor real estate appraiser. The pay was good, support staff was nice, and senior Appraisal staff were good mentors. They have my recommendation.
Frequently asked questions about Real Property Advisors
How is Real Property Advisors rated?
Real Property Advisors has a 2.3 star rating with 6 reviews.
When is Real Property Advisors open?
Real Property Advisors is closed now. It will open on Monday at 9:00 a.m.
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