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.

Would you ever leave the value of your home to luck? Maybe I’ll list my home at $10,000,000 and see if I get lucky.

You’re thinking about selling your home but you don’t know how much it is worth. You can jump on Zillow and Trulia, but how reliable are they?

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 located in Essex county is a highly desirable area to reside, but do you know how that could affect your home value?