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Real Estate Values are Rocketing UP!

April 24th, 2014 at 05:55 am

Lots of stuff going on...

In my last post I whined about not being able to get a horse. I feel a little bad about that. I have a pretty cushy life, I can stop whining about first world problems like not getting a horse.

I did bring up the horse to my boss- and she said she is looking for horses to bring into the barn to use as lesson horses. She is in the process of talking to the owner now to schedule a time to go out and see the horse. I'm not sure he is right for beginner riders...but I'm not sure he is a bad fit- so I'll let the trainer decide. So he might be coming to my barn anyways! Weird turn of events.

I received $2300 as a tax refund. I don't know how much my CPA will charge me to do the preparations. I planned to keep the money in my checking account as a "cushion" for unexpected bills. Well today I had to pay my property taxes. $1700. So there goes my cushion! Glad I got the refund!

Real Estate in my neighborhood has been climbing. I knew it was going up but kind of stayed distant from thinking about it. I'm biased & emotionally attached so its hard to gauge the value of MY property. I've always stuck with a conservative number that gives us tons of equity and been happy with that.

Almost a year ago a townhouse across the street, smaller and builder grade sold for about $100k over what I would have expected. That was a nice surprise that confirmed my value in my mind. This is the townhouse:

Yesterday a few places went up for sale in my neighborhood and the asking prices are so so so high. A SFH same sq footage, same bedrooms, same bathrooms is priced $200k over what I value our place to be! Granted it has upgrades beyond ours, and it is a SFH whereas we have a townhouse. But still- I'm totally shocked! These are the two new construction that are listed for $200k over mine:

A few months ago I called a For Sale on a small fixer in the neighborhood and the asking price was what I value my house at. I laughed and laughed thinking they were out of their mind. I thought that was a fluke crazy listing. Now...that crazy asking price seems to line up with the other crazy prices...

I guess we will see what everything sells for.

In other good news, I'm really getting into the groove at my job. It was really tough to acclimate but now everything goes smooth like clockwork. I'm really enjoying it. And husband has totally stopped complaining.

That's it. Now we are headed to NY for 5 days to visit husband's family. So I'll talk to you guys later!

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