A Home Appraiser’s Sales Comparison Approach to Determine Fair Market Value
As a real estate appraiser, I’ve been asked many times what my approach is to determine fair market value. While there are three main approaches to value (income, cost, and sales comparison), for residential appraisals the sales comparison approach is almost always used. The other two approaches are more often used for income producing properties and unique structures.
Chatham Township vs. Chatham Borough - A Home Appraiser’s Analysis -updated 2024
Chatham Township and Chatham Borough are highly desirable areas to live in New Jersey. This is due to the commuting proximity to New York City, highly ranked school systems, strollable downtown, and mix of old homes and new construction in a quiet location. The housing markets are a bit different.
Immigration Appraisal - What You Need to Know
If you are an immigrant who has been working in the United States, own a home and wish to acquire American citizenship, an application must be completed. As part of the process, the Department of Homeland Security requires you to complete an Affidavit of Support.
How to Prepare for an Appraisal
The real estate appraisal is a key component to any purchase or refinance transaction. Some people fear of the dreaded low appraisal, since it could essentially cause a deal to fall through, however there are a number of ways you can plan and prepare to make your home’s best impression.
Summit, NJ Real Estate by the Numbers
How well do you know the current Summit real estate market? The information below can be helpful for your own knowledge or with making decisions if you are considering moving into or out of Summit. I have been a resident of Union County for the past 13 years and have spent that time as a local appraiser to the Summit area.
Maplewood, NJ - A Home Appraiser’s View
Maplewood, NJ located in Essex county is a highly desirable area to reside, but do you know how that could affect your home value?