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One way to assure the value of your home is to enrole is a home assurance equity program.
The SHEAP district? Did Park Place Homes all of a sudden attract a bunch of Collies, overcast weather and dozens of fluffy, four-legged animals that go “baaaa?”
Of course not! SHEAP stands for Southwest Home Equity Assurance Program and it’s a unique program from the State of Illinois developed to insure property values for homes within its district over a period of time.
For residents of Park Place Homes, located within the SHEAP district, this means that the appraised value of your home can be guaranteed — a great way to hedge against the volatility of home prices if you decide to sell your home sometime in the future.
With this program, your house is appraised when you register for the program, and then you are paid the difference if the house sells for less than the appraised value or if neighborhood property values fall.
Some restrictions do apply and there is typically a waiting period before you become eligible for protection from losses. Joining is easy — within the SHEAP district, you can protect your home after paying $125 to have your home appraised.
For more information, visit the program’s web site or schedule a meeting with our sales consultant who will answer any questions you may have and explain further benefits of this program.
