Maplewood, NJ located in Essex county is a highly desirable area to reside, but do you know how that could affect your home value?
Last year, the median home sale price was 7% higher in the spring
Knowing the real estate market can be challenging. When dealing with such high home values, hiring a professional can potentially save you thousands of dollars. This could be true if you are looking to buy a home, sell a home, or lower your taxes through a tax appeal.
There are several sections in town and when I appraise a property, it is important to try to stay within the same neighborhood as the subject property. Of course, when a property is unique, or there are limited comparable sales, I would have to search outside the neighborhood. For example, I appraised a multi family property last year and the available comparable properties were fairly limited. In general for residential properties, Maplewood typically has a healthy amount of comparable sales. When hiring a Maplewood home appraiser, make sure he/she is familiar with the market area.
Below are some housing statistics for 2018 in Maplewood
Maplewood shows signs of a healthy real estate market with the average list price to sale price ratio at over 100% over the last year. Most homes sell within the first month, however in the fall and winter, the homes are taking a bit longer to sell. Last year, the median sale price of homes was 7% higher in the spring. If you are looking to sell your property, you may consider waiting to the spring market.
People are drawn to Maplewood because it has a direct train line to New York City, a downtown area with great bars and restaurants, and a suburban community lifestyle. It also has easy access to major thoroughfares like Rt. 78, Rt. 280, Rt. 24 and the Garden State Parkway. In addition, other benefits are the close proximity to the South Mountain Reservation, Turtle Back Zoo, and the Short Hills Mall. Having appraised this market for the last 14 years has given us the local expertise that you can depend upon.
Maplewood recently went through a tax revaluation. The taxes in Maplewood are among the highest in the State as compared to market value. Did you know of all the counties that commute to New York City, Essex county was ranked 1st as the highest paying county of real estate taxes in NJ? If you missed the boat on filing a tax appeal during the revaluation, you have another chance this year and the deadline is April 1st. I’ve been an active participant in appraising for tax appeals as well as performing expert witness testimony since 2010. With a lot of success, I enjoy helping homeowners reduce their property taxes. If you feel you are paying too much in property taxes, you will get the best results hiring an appraiser.
I’ve been appraising for 17 years which means I’ve seen the market sky rocket as well as crash. Observing these conditions has given me the experience and expertise to determine fair market value. As a Maplewood home appraiser, I have experience valuing properties for all of these purposes in town. If you are in need of the fair market value of your home, we can help. Whether it is for a purchase, sale, tax appeal, estate planning or divorce, please give American Realty Appraisals a call 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