NewHomeNotebook's Discussions

Telling you that your property is worth less than you paid in '06 is bad advice unless the person giving the advice knows a lot more about the property, and knows what you paid for it. You may have made a great deal in 2006 for all anyone knows. It's generally true that prices have been stable or fallen slightly since 2006, but general propositions mean nothing in the context of a specific property.Read IRS Publication 527 (pdf file) for a guide to what you can deduct.

eameyers,Since the person who's so eager to give you advice offices out of the far southwest side of Chicago and has only been licensed for just over 2 years you might take those factors into account in weighing what import the advice has for your property.Again, what's true of the majority of properties - if true - means nothing as to any individual property.Look to a Realtor with in-depth experience in your specific area for advice, not to a random Realtor you encounter on the Internet.

The previous answer is incomplete, and inaccurate in one respect. "Cathedral District" is not a recognized neighborhood. A deve;p[er attempted to create this years back, but it never stuck.See my earlier post for a complete and accurate list.