Warren township, located in Somerset NJ is a desirable place to live due to its good school system, commuting proximity to New York City and lush foliage. It is also near the Watchung Reservation and Great Swamp for outdoor activities like hiking, road cycling, and bird watching. You can catch a mid- town direct train from neighboring towns and it has lower taxes than some other areas as well.
Because it is slightly farther out from the city as compared to a market like, Chatham, you can get more for your money in this town. The real estate market has been on a wild ride in the past year and as a Warren appraiser, I’ll show you the difference in the numbers.
If you are a current resident or a potential buyer, learning about the Warren real estate market can be valuable knowledge. Here is a January of 2021 12-month snapshot from the Multiple Listing Service in
The first line I looked at was the median comparable sale price in the past year. This shows rapid appreciation, however it is not as necessarily high as it looks. Typically, the winter sells lower than the spring and summer, and this past spring we had a pause in the market because of COVID-19. Desperate sellers sold their homes under market value at that time. Once the State mandates were lifted, the floodgates opened and it became a seller’s market.
That is quite fast for most home’s to be selling under a month.
One constant is that the list price to sale price ratio is hovering around the 97-98% throughout the year. That means if you are buying or selling a property, you can expect 2-3% negotiated off the list price. However, it is not uncommon for homes to go into a bidding war and sell above list price.
Many residents are leaving Manhattan and migrating to the suburbs. With lowered inventory, this has caused an increase in demand and helped to increase home values.
Do you think you are paying too much in taxes? We can review your property to see if you are eligible for an appeal. The deadline is April 1st. I also work closely with an attorney and that helps your odds of a successful tax appeal.
If you are interested in lowering your property taxes, having an appraisal in hand is your best defense.
The real estate market can be challenging, and are potentially dealing with one of the biggest purchases or sales in your life. Hiring a professional to help determine fair market value can help save thousands of dollars in your pocket. As a Warren home appraiser, I have performed appraisals for buying, selling, tax appeals, divorce, estate planning, and refinancing. Please give American Realty Appraisals a call at 908-233-1337 to obtain the most accurate fair market value.
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