Michael Hobbs to Speak At West Loop LeTip

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Hobbs to speak about how to use real estate appraisals to maximize a property's value at West Loop LeTip, a local chapter of LeTip International, Inc. established in 1978, meeting at Marcello's restaurant on Tuesday morning.

Real estate value and income are the two of the biggest drivers of price appreciation in a market recovery

Despite the myriad of types of real estate, income and value are consistently two of the most important factors. On Tuesday, Michael Hobbs, President of PahRoo Appraisal & Consultancy will discuss the residential and commercial real estate markets in Chicago and the Midwest as well as the importance of real estate appraisals in the early stage of market recovery.

Nearly all of the articles being published at the outset of 2013 point out that the real estate recovery is either gaining steam or well underway. Depending on the type of real estate, this is a partially true, completely true or enthusiastically true statement. Therefore, it is not surprising to see transaction volume increasing. Hobbs will discuss what is driving these trends and what to expect and not to expect in the coming year.

West Loop LeTip is a diverse and energetic networking group that meets for one purpose -- to give and receive qualified business tips to fellow successful professionals. West Loop LeTip is the largest LeTip chapter in Illinois with nearly 40 dedicated members meeting regularly to bring new business to fellow member. Currently, there are nearly 30 LeTip chapters in Illinois. LeTip International is the world's largest, privately owned, professional business leads organization. Since 1978, LeTip programs have helped over 120,000 members, throughout the United States and Canada, build business success through personal referrals.

Michael Hobbs, SRA, RAA, LEED GA, is the President of PahRoo Appraisal & Consultancy, a multidisciplinary real estate appraisal and consulting firm founded in 2000. He is a state-certified real estate appraiser in Illinois, performing court testimony as an expert witness in various local, state and federal courts. He holds the SRA designation from the Appraisal Institute and has achieved LEED GA, an accreditation of the United States Green Building Council (USGBC). He is a regularly published author and national speaker on the topic of real estate, valuation, investing and entrepreneurship. He is also a board member of The Entrepreneur Organization (EO) Chicago Chapter, a global network of more than 8,000 business owners in 40 countries.

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