Hi MR,

I can also help you with that if you like. I have been appraising for over 20 years and I cover Bernardsville. Contact me via my website. Good luck!

-Marc


Marc Paolella
Relocation Director
Member, Worldwide ERC
Licensed Realtor NJ
Licensed Appraiser NJ & NY
Owner, Sands Appraisal Service, Inc.
Realtor, Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235
Phone (office): (973) 584-7580
Fax (973) 584-5092
e-mail: marc2000@verizon.net
text: 914-588-3787
web: http://www.marcpaolella.com

Mrobillard,
Suggest you contact your lender for a list of appraisers they use. Agents typically do market analysis which are not to be used in courts or to establish value in such matters as a divorce.

Mrobillard,
I can provide you with a current market evaluation if you do not need a formal appraisal. I have been a full time realtor in the Somerset Hills area for the last 22 years and can provide this service for you at no cost. Let me know if I can help by contacting me at my website or my phone. Good luck!

Mrobillard

There are different types of appraisals, based on the need.
A lender will used a licensed appraiser, who will use closed recent sales in your area to come up with a value. Values tend to be conservative to protect the interests of the lender.

An insurance company will use a form of appraisal to come up with a replacement cost, usually based on the costs of construction materials. They want a higher range of value so you are not under insured.

For property tax purposes the country tax assessor appraises homes, usually every few years or upon the transfer of property. These values tend to lag behind current real estate trends.

One the death of a owner the probate attorney may ask for an "estimate of fair market value". A Realtor can provide this estimate, based not only on closed sales, but usually an inspection of the property, and takes into account current market trends and values.

A lender looking at a short sale will ask for a BPO, or Broker Price Opinion, perhaps two BPOs as a way to estimate the amount of loss the sale may yield/

Hope that this is helpful.

Hi Mrobillard,

I can help you with that no problem. Contact me as I need to ask you a few questions to help me determine what your needs are and how I can best help you.

Jacobus "Jack" Vollenberg
RE Appraiser/RE Sales Associate
Vollenberg Appraisers/ERA Statewide Realty
Vollenberg@iname.com
Cell (570) 204-9125