Selecting a real estate appraiser is a very important decision, especially since it is likely to involve one of the biggest purchases in most people’s lives. Paying a few hundred dollars for a pre-purchase appraisal to determine the fair market value can possibly save you thousands of dollars when it comes time to negotiate a purchase price.
For example, perhaps there is a home that has been sitting on the market and you are considering buying it. It has been lowered to $425,000 and you want to make an offer but not sure how much. You could hire an appraiser to determine the fair market value. If the appraisal comes in lower than the list price, use it to make an offer and you will have market data to back your negotiation.
Appraisers start off with an apprentice license that requires coursework and 2000 field hours under a supervisory appraiser. Once completed they can take an exam to become a licensed appraiser. A licensed appraiser is limited to appraising properties up to one million dollars. After more coursework and 1,500 more field hours, the appraiser can take another exam to become a certified licensed appraiser. This is the highest residential license and there is no limit to the amount of value appraised. American Realty Appraisals are certified licensed appraisers.
It is important to be located in the same area for a while to establish familiarity. This way an appraiser can develop localized knowledge of the area. Some companies even have multiple appraisers that specialize in particular areas so they don’t have to travel farther distances. At American Realty Appraisals, we have several appraisers in different coverage areas who focus on their respective areas and we have been headquartered in the same area for 14 years.
The purpose of appraising properties can range from pre-purchase, pre-sale, sale, refinance, tax appeal, to estate planning, divorce, PMI (Private Mortgage Insurance) removal, bailout and REO (Real Estate Owned)/foreclosure. The types of residential properties typically appraised are detached single family homes, multi family, condos, townhouses, and vacant lots. With a total of 17 years of appraising, we have seen the market rise and fall and understand how to correctly determine the fair market value. Our experience ranges from appraising properties from $23,000 to $7,000,000. This range covers 99% of homes in New Jersey.
All appraisers have a software they use to write reports. In order to stay on top of the current trends, we pay for an additional software that helps us further analyze the market. New data is a constant in the market. This software helps us have an edge as compared to other appraisers who cannot show graphs and breakdown the data easily. Ask to see a sample report.
See what people are saying about us on Google or Facebook. We have a 5.0 star review on each site.
“Evan helped with the appraisal on a very difficult and contentious property tax appeal. He was very thorough and fair and approached his valuations from several angles which I think in the end was very helpful in the process.” – Jessica Davis
“Evan was very kind, patient and pleasant. He was supportive through the entire process and he turned around our appraisal in record time, less than 24 hours to be exact. I would recommend him to anyone who looks for excellence. Professional, Prompt, reasonable and fair. Those are the qualities you get when you work with Evan and the American Realty Appraisal.” – Patrice Slater Lee
Are you thinking about finding out how much your home is worth or one that you may be interested in purchasing? We can help out. Make sure you know what to focus on when selecting a real estate appraiser. Call American Realty Appraisals today at 908-233-1337.
Evan from American Realty Appraisals came out to our home last spring to conduct a home appraisal in support of our property tax appeal. He arrived promptly at the agreed time, was very professional and conducted a thorough walk through. We were very satisfied with the results of his appraisal - they were well-researched and accurately captured the features of the home. His appraisal proved to be a crucial element in a very successful tax appeal. I would gladly recommend his services to others.
I was extremely pleased in my experience with American Realty Appraisals. Evan was very knowledgeable and was happy to answer any questions I had. His appraisal was useful in our being able to successfully appeal our taxes. It was worth every penny. He also shared some suggestions on how to shore up insulation efficiency around the house. 5 Star service. thanks!
Evan was extremely helpful in our obtaining a favorable result from our tax appeal and I highly recommend his services
If you want the Do's and Dont's. I would say DO use Evan. It was a very smooth and easy process. He worked around my schedule. His turnaround time was very impressive. Price: He was in line with the other quotes I received. And you DON'T need to worry. I will recommend him and use him again
Prepared the documents to submit for a tax appeal and accompanied me to the tax appeal hearing to present my case. I have used American Realty Appraisals twice and have won my tax appeal each time.
I was appealing my real estate taxes and American Reality did an appraisal on my home. The appraisal went well and as a result the tax appeal was successful and our real estate taxes were lowered.
I was ignoring go through Tax appeal process because I thought it was so cumbersome with very little chance of winning. In this process, I used Evan for a tax appeal. Not only we won but it was very easy and simple process between him and the lawyer. I highly recommend to use Evan, he knows what he is doing!
The tax appeal through you and Lisa Walsh was successful, and you may use me as a reference any time in the future
Evan was great. He was instrumental in helping me to appropriately lower my taxes via an accurate appraisal. I highly recommend his services to anyone in need of an appraisal in NJ.
When the interest rates dropped last year, I decided that it was a good idea to refinance my mortgage. I was recommended to American Realty Appraisals by my mortgage company. They were affordable, expedient, and ultimately put together a very comprehensive report with figures, photos, and local comps. I would highly recommend them to anyone looking for a professional and honest appraisal company.
Evan and his team at American Realty Appraisals are simply the best at what they do. As a mortgage banking professional, I have worked with dozens of appraisal firms over the years and I continually return to American Realty Appraisals when I can for their expert advice and service. I would highly recommend them if you are an individual looking to have your home appraised, or a banker looking to add a high quality appraisal firm to your list of approved appraisers.
Before I went to list my home, I hired Evan at American Realty Appraisals. I wanted an unbiased opinion of what my home was worth. He provided a thorough report that gave me piece of mind and a leg to stand on when it comes time to negotiate. I was also pleased with how fast he turned the report around after the inspection.
I am an attorney in Westfield and I refer all of my clients to American Realty Appraisals. I have worked closely with Evan Siegel for the past two years and I have been impressed with his professionalism, integrity and expertise as an appraiser. Relying on his appraisals, I have been able to negotiate property tax reductions for numerous clients in Union County. I highly recommend American Realty Appraisals for all of your residential real estate appraisal needs.
ARA did a great job of handling my tax appeal. The guidance was spot on and the staff, specifically, Evan Siegel, was professional and knowledgeable. The outcome was excellent and I'm saving a good amount of money on my real estate taxes. Thanks ARA!!
I used Evan for a tax appeal project. It was a seamless operation between him and the lawyer. Zero blips, and we won.
Mr. Siegel performed an appraisal for my home for tax appeal purposes. He was very professional and helped me lower my taxes by 17%. I am quite satisfied with his work.
Highly recommend. Excellent service, professional, prompt. Great result