Real Estate Blog - Appraise & Apprise - William R Hall, Alpha Valuations

February 28th, 2019 8:51 PM

The Madness of March

 

March is right around the corner. Literally.  And I say bring it!  I don’t know if it’s because I’m old now, but this winter seems particularly long and particularly grey.  And by the time February rolled around, I was just done with it.  Now we have March approaching and I see a glimmer again.  I know it doesn’t feel like it now, but Spring is coming.  And, unlike February, March has a lot going for it. 

Obviously, the two weeks from the middle to the end of March is like an unofficial holiday.  Even the casual sports fan is glued to the TV or other screen in hopes that their bracket doesn’t get busted.  The NCAA basketball tourney is truly like no other sporting event.  I doubt I watch more than a handful of games during the regular season.  But, by God, I’ll watch every single second of Southwest Idaho Tech vs North Central State University of Dog Grooming if it’s being played in March.  And yes, we have an office pool every year.  There are only three of us and I still have never won.  And Sam doesn’t even follow basketball of any kind.  And I still owe Lori a debt from last year’s tourney.

Mardi Gras in New Orleans is absolutely a bucket item list.  But until then, I work with what I have here.   Maybe sip on a Hurricane or a Sazerac.  Maybe enjoy some etouffee or jambalaya.  I can almost smell the andouille sizzling.  Paczki, anyone?

And, finally, the one day everyone in Chicago is Irish.  One of my single favorite days of the spring where my 17% Irish suddenly takes over.  So, don some Kelly green, speak with a hint of a brogue, grab a stout, chased by a Jameson, and pile some corned beef and cabbage on your plate.  And don’t forget the soda bread.  Speaking of corned beef and cabbage, check out the Bobby Flay recipe below.  It’s a little unconventional, but he’s Irish. And he’s Bobby friggin’ Flay.  I think I’ll trust him.

Spring typically spurs Spring buying season.  Typically.  It’s starting a little quietly.  If this is in like a lamb, hopefully March goes out like a lion.  In terms of real estate, that is.  This weather can go away already.  There is still an inventory issue and I honestly believed things would have begun to pick up by now.  Rates are still low and the weather can only get better.  So, as the weather heats up maybe the real estate market will too.  Let the Madness begin!

Thank you and Make it a Great Day!

Spice-Rubbed Corned Beef with Mustard-Honey-Horseradish Sauce

Ingredients:
1 3-pound corned beef brisket (spice packet discarded)
3 tablespoons ancho chile powder
2 tablespoons Spanish paprika
1 tablespoon ground dried oregano
1 tablespoon ground coriander
1 tablespoon mustard powder
1 teaspoon ground cumin
1 teaspoon ground chile de arbol
Kosher salt and freshly ground pepper
Canola oil

For the sauce:
1/2 cup dijon mustard
1/2 cup whole-grain mustard
1/2 cup clover honey
1/4 cup prepared horseradish, drained

Directions:
1)  Put the corned beef in a large pot and cover with cold water by 1 inch. Bring to
a boil over high heat, then cover, reduce the heat to medium low and simmer
until tender, 2 1/2 to 3 hours, adding more water if needed to keep the beef
submerged. Remove from the water and let cool 30 minutes, then cut into 1-inch thick slices.

2)  Meanwhile, make the spice rub: Whisk the chile powder, paprika, oregano,
coriander, mustard powder, cumin, chile de arbol and 1 teaspoon each salt
and pepper. Set aside.

3)  Make the sauce: Whisk the dijon and whole-grain mustards, the honey and
horseradish in a bowl; season with salt and pepper. Let the sauce sit at room
temperature at least 30 minutes to allow the flavors to meld.

4)  Spread the spice rub on a plate. Dredge one side of each slice of beef in the
rub and tap off the excess. Heat a few tablespoons canola oil in a large
nonstick saute pan until it begins to shimmer. A few slices at a time, add the beef,
rub-side down, and cook until a golden-brown crust has formed, about 2 minutes. Flip
the slices and continue cooking another minute or two, adding more oil as needed.
Serve with cabbage and the sauce.


June 3rd, 2018 11:27 AM
As a small business ourselves, my wife and I firmly believe in supporting our local small businesses. We are truly thankful everyday for what we have been able to accomplish and sustain over the past nine years and it would have not been possible without the support and continued trust of our clients/customers.  On the appraisal side of our business, I have to be "geographically competent" prior to banks/lenders engaging me for my valuation services.  And many of our best clients are large, national lenders with names that most everyone would be familiar with.  So, when they select us over hundreds of other appraisers in the area and engage us for our services, our local small business is being supported at a national level.  It's a pretty awesome feeling.  But do you know what's an even better feeling?  When we are repeatedly engaged by local mortgage brokers who come back to us time and again because they appreciate our effort and quality work.  Or when we receive an email or phone call from someone seeking non-lending valuation services and they tell us they were referred to us by someone else who enjoyed working with us. Or simply someone just asking for my business card should the need arise because they enjoyed speaking with me and liked what I had to say about real estate in general.  Those are the moments that fill me with pride and reinforce the feeling that we're actually good at what we do.  Nothing can beat that feeling as far as running a business goes.

So, whenever we can, we like to return that favor and support our local small businesses.  When it was time to replace our windows and our sliders, we chose a small, local company started up by several skilled carpenters.  The landscaper who installed our patio, fire pit, front walk, and retaining walls, has a daughter who goes to school with our daughter.  When I was looking at meat subscription services (yeah, that's a thing), my wife said "Why bother?  We have Casey's.  Wouldn't you rather support local business?" And she's absolutely right.  Which brings me to our near obsessive endorsement of CSAs (Community Supported Agriculture).

A few years back, Lori and I started going to various local farmer's markets on the weekends.  It was an epiphany.  Neither of us knew that that's what a strawberry grown in season was actually supposed to taste like.  Or fresh spring onions just plucked from the soil.  Or tomatoes right from the vine and not shipped from 1000 miles away.  Then Lori stumbled upon Nichols Farm and Orchard at one of these local markets.  They are a CSA based out of Marengo.  A little research uncovered that they supply some of the best restaurants in Chicago.  If they're good enough for Stephanie Izard, I guess we should be okay.  They are amazing.  And they deliver right to our door.  My wife and I literally count down the days until our next Friday delivery.  We love to cook and we have been fortunate enough to learn new recipes utilizing fresh ingredients that we had never used before.  And the flavors...there are no words (can you tell we just received our first shipment this season?).  So look into it.  Support your local businesses when possible.  And support your local farmers.

Thank you and make it a great day!

Posted by William Hall on June 3rd, 2018 11:27 AMLeave a Comment

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April 15th, 2018 9:01 AM
I know it sure doesn't feel like it, but Spring officially began a few weeks back.  And with Spring, typically, comes home buying season.  However, this year feels a little different, doesn't it?  Maybe it has something to do with the unseasonably cool weather.   Maybe not.  But what I do know is that there is very little inventory for the prospective home buyer right now.  This is good news if you are selling your home, or thinking of selling.  Not so good news if you're out there looking.  Sellers certainly have all the leverage as indicated by the fact we're back in the days of multiple offers and non-contingent buyers.  What does this mean if you're looking for a new home?  It means be wary and be patient. 

Bidding wars can be troublesome.  First of all, you are almost certainly going to overpay for the property should you win the bidding process.  Which means there is very real possibility of the home not appraising out.  With the current lack of transaction velocity, it becomes more and more challenging to support the inflated price from an appraiser's point of view.  Secondly, the only one who wins a bidding war is the seller.  You know that feeling when you buy something you've been eyeing for a while and the next week it goes on sale?  Yeah, it's like that...only exponentially worse. And involving hundreds of thousands of dollars.  So be patient.  There will be another "dream home".  And I feel it.  I feel like we are on the brink of the buying season blowing up.  Especially after conversations with brokers on a daily basis.  Each has said they've been busy the past few weeks with current deals in the works and in the pipeline.  

So relax.  The weather will eventually reflect the calendar.  And your next home just might not have listed yet.  But it will.  Thank you and make it a great day!

Posted by William Hall on April 15th, 2018 9:01 AMLeave a Comment

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