I think our next appraisal is next year, right when home values are at their highest in Colorado. On one hand, I owe 340K on a home I bought for $458K and is now valued at over $600K. On the other hand, I think I’ll see a pretty dang big bump in taxes.
I’d like to sell and use the funds to build my cabin in the mountains but I need to stay here and keep my son in a school system that does really well with his autism. So I think we’ll be here at least 10 more years. But, at least I bought the mountain property when it was still cheap. I got it for $17K and I’ve had a cash offer of $32K.
if you just refi then show them the closing statement page. Did you have a appraisal done in the refi? If so the closing statement will be all you need.
I filled out the online form this year and offered $100k less than their proposed value of $450. It accepted instantly and I’m good to go. Not sure if they are backed up due to Covid and just said fuck it.
when 24 acres pops up at 599k you know your fucked . land has gone up 5k an acre in just 6 months . scary as hell. people are running from the cities and paying outrageous prices for rural land . i'm beginning to think i'm not far enough out .
god damn. i know the 10% yearly cap is bad, but really hard to budget for massive uncapped swings like that twice a decade.
No doubt. My warehouse is up 70% in last 10years.
I'm farm also. If I wasn't on large acreage I'd be paying more actually.
We've seen 1 acre lots go from $60k to $120k in 3 years. Running out of land close to Nashville. Only going to get worse. This area won't be affordable unless you like town home living.
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