Evan Siegel Evan Siegel

NJ Probate Appraisal

Expert Probate Appraisals. Current value or retrospective. 20+ years of experience in NJ appraisals.

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Evan Siegel Evan Siegel

How have mortgage rates affected the market?

The market continues to have forces pushing up against each other. I recently did a study of monthly payments with different mortgage rates. A year ago mortgage interest rates were 3% and now they are at 7% for a 30 year fixed.

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Appraising in Hunterdon County

Appraising in Hunterdon County is similar to appraising in counties that are farther east in some ways and different in others. When appraising residential property, the sales comparison approach is always the dominant way to determine fair market value. In this approach, the appraiser will gather information about the subject property (or property to be appraised) and then research comparable sales that have sold recently on the Multiple Listing Service (MLS).

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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.

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Bankruptcy Appraisal Evan Siegel Bankruptcy Appraisal Evan Siegel

Bankruptcy Appraisal - What You Need to Know

As residential real estate appraisers, we understand that hard times can happen. We’re here to help you with getting your home’s value accurate and in an efficient way. When filing for bankruptcy, an attorney will often recommend having a certified appraiser perform a fair market valuation report. Hiring an appraiser that understands the complexities in these difficult circumstances can help aid in a smoother process and beneficial result.

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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.

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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.

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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.

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