What would you do if your home was valued $100,000 less than the contract price? I was recently told by a realtor that she had to give up her commission to her client, a builder, because the appraiser measured the home to be quite a bit smaller than the architectural plans. The summation of the […]
Having been through several real estate cycles as a New Providence home appraiser, I have never seen a spring market like this one. Many homes have been pulled off the market due to COVID-19 a.k.a. corona virus. The stay in place mandate generally paused the market for a couple months, however activity is beginning to […]
2020 is an unusual year to say the least and the real estate market certainly has been affected. Many homes have been pulled off the market due to COVID-19 a.k.a. corona virus. It is still too early to tell just how the market will be impacted. One thing is for sure though, the amount of […]
As a professional real estate appraiser, I have been asked lately if I’m still able to perform home appraisals given the environment under COVID-19. The short answer is yes, however the industry is changing on a daily basis. Currently, there is still a lot of activity for appraisers as the interest rates are low to […]
You are thinking about selling your home and you don’t have a good idea about the fair market value. There are several ways you can obtain more information. The most common is likely speaking with a local realtor (or several) who will provide a CMA – Comparative Market Analysis. Perhaps you don’t want to go […]
You had no intention of selling your home or investment property but all of a sudden, the government is taking your property through eminent domain. This is what is happening to a client who owns a two- family property in Carteret. Now the city is planning to build a park on their lot. When the […]
According to the senior economist from Realtor.com, the housing market predictions for 2020 are expected to flatten with a 0.8% rise. Factors include a mixture of economic growth, high employment and low interest rates. This type of stimulus will help demand remain high. Other factors depend on what market segment you may be in as […]
This article was originally posted on Redfin and selected American Realty Appraisals to quote as an industry expert. Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like […]
Have you heard anyone asking lately, “did your taxes go up with the new assessment?” or “are you going to attempt a tax appeal?” The last revaluation was conducted in 2007 and the Essex County Board of Taxation has ordered another one for 2020. The new assessment on your tax record may not change that […]
Have you heard anyone asking lately, “Are my taxes going to increase?” or “Why is a Mountainside Revaluation happening now?” The State of NJ has mandated certain towns to complete a revaluation and Mountainside was one of them. The last revaluation occurred more than 25 years ago. This is the reason why the assessment on […]
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908-233-1337
908-233-1337