I realize it has been a while since we have communicated but thought you would like to hear that we had our home re-appraised last week at $380K. (Rick Dannely talked us into going for a lower interest rate of 4.375%) If you remember, we paid $280K last November. ($273,500 if you count the Obama stimulus credit we were able to take advantage of) I can’t believe we have lived here almost a year now but have been busy fixing up the house. We repainted everything upstairs and added some crown molding and chair rail in the office and dining room. We refaced the kitchen cabinets in a glazed knotty alder and added crown molding to the top cabs. We also just completed the basement. We added 2 bedrooms, 1 full bath, an excercise room, a craftroom with a full wall of cabinets and sink, a kitchen (less the stove), dining/game table area and a large entertainment room with space for the big screen and a pool table. We also have room left over for storage. We are working on the outside now and are about ready to lay sod. So far we have spent about $35K for the updates which means we have gained ~$70K in equity in less than a year! We also enjoy the area and ward. So I guess you can stock this one up as a successful “short sale” purchase experience.

Thanks for your help as we worked through the various purchasing issues.

P.S. – You have probably heard that Qwest announced it is merging with Centurylink. Head quarters is going to be located in Monroe, Louisiana. Laurin and I are praying that we won’t have to move again but time will tell…you may have a home sale opportunity in the future…