Looks like the Metro area is jumping the gun on a white Xmas.
16 thoughts on “December 9, 2021: Head Start”
It's unclear how much will still be around after the upper-40s in the middle of next week.
I see the forecast adjusted upwards, thaw temps trending down...
But I was really counting on one more thaw. I need a do-over on the driveway and the gutters...among a few other things put off this fall.
Huh. Quiet day here.
Happy birthday, mom!
We're doing a refi to finance some home improvements (furnace on last legs) and the appraisal came in today about 30 grand higher than the loan officer estimated on the application. So that's nice.
We refinanced a few months ago to take some cash out to finish the basement and had a similar situation. The appraisal report was basically "this is the weirdest housing market I've ever seen."
When we refi'd earlier this year they didn't even do an appraisal. Money is fake news.
Runner daughter bought her townhome a year ago August, and she's already lining up an appraisal to try get her PMI dropped.
Our home value is up about 75% (theoretically) from when we bought it, according to a few basic estimates by local realtors.
We've kicked about going all-out this winter on projects to sell it in the spring, but the question of where to live after that keeps coming up.
The appraisal report was basically "this is the weirdest housing market I've ever seen."
Must have been a young appraiser.
Truth.
Let me tell you something about farm land prices...
Just one example: I had a date-of-death appraisal for a late 2020 death come in at $X. Sale price just a little more than 6 months later was nearly 50% higher than $X.
Can they use the six months after death value for the basis? I can't remember the rules on that.
I think that can only be used to decrease the value of the estate.
We've got an appraisal for our refi on Monday. We've only been in the place for three years, but the way that the housing market has gone, we're expecting that it's going to be a radical change.
We bought our house 18 years ago. I have been seeing older/smaller houses in so so neighborhoods going for twice as much as we paid for our house. I had someone informally take a look at it. Could probably sell for 2 and 1/2 times what we paid. Problem is, if we sell it, we have to waaaay overpay for the next place. For now, we have decided to keep this place and start looking for a smaller cabin on a lake within 90 minutes of Alex. In 10 or so years we hope to sell the big house and split time between the smaller cabin and some place far warmer than here.
It's unclear how much will still be around after the upper-40s in the middle of next week.
I see the forecast adjusted upwards, thaw temps trending down...
But I was really counting on one more thaw. I need a do-over on the driveway and the gutters...among a few other things put off this fall.
Huh. Quiet day here.
Happy birthday, mom!
We're doing a refi to finance some home improvements (furnace on last legs) and the appraisal came in today about 30 grand higher than the loan officer estimated on the application. So that's nice.
We refinanced a few months ago to take some cash out to finish the basement and had a similar situation. The appraisal report was basically "this is the weirdest housing market I've ever seen."
When we refi'd earlier this year they didn't even do an appraisal. Money is fake news.
Runner daughter bought her townhome a year ago August, and she's already lining up an appraisal to try get her PMI dropped.
Our home value is up about 75% (theoretically) from when we bought it, according to a few basic estimates by local realtors.
We've kicked about going all-out this winter on projects to sell it in the spring, but the question of where to live after that keeps coming up.
The appraisal report was basically "this is the weirdest housing market I've ever seen."
Must have been a young appraiser.
Truth.
Let me tell you something about farm land prices...
Just one example: I had a date-of-death appraisal for a late 2020 death come in at $X. Sale price just a little more than 6 months later was nearly 50% higher than $X.
Can they use the six months after death value for the basis? I can't remember the rules on that.
I think that can only be used to decrease the value of the estate.
We've got an appraisal for our refi on Monday. We've only been in the place for three years, but the way that the housing market has gone, we're expecting that it's going to be a radical change.
We bought our house 18 years ago. I have been seeing older/smaller houses in so so neighborhoods going for twice as much as we paid for our house. I had someone informally take a look at it. Could probably sell for 2 and 1/2 times what we paid. Problem is, if we sell it, we have to waaaay overpay for the next place. For now, we have decided to keep this place and start looking for a smaller cabin on a lake within 90 minutes of Alex. In 10 or so years we hope to sell the big house and split time between the smaller cabin and some place far warmer than here.