Jennifer Kuhn, ABR, CREN, CDPE
Certified Distressed Property Expert
NJAR Circle of Excellence Sales Award, 2007-2010
2009 Top Producing Agent
2009 Quality Service Award
C21 Action Plus Realty
Start your Home Search at http://www.JLKHomeSearch.com
I believe the first step is to speak with a local agent who is familiar with your neighborhood.
You may find out that your assessment isn't very far off the average of similar type homes.
In the event your assessment does seem higher than it should be, you have the options of using compatibles from a Reaktor or as stated previously, you can hire an appraiser for a fee to do the work for you In many cases, the appraiser uses the same comps that a Realtor would.
I would be happy to discuss this further If you have any other questions.
RE/MAX Realty 9
As an agent I always believe that I could do comps for homeowners, until this year when I embarked on a project within my development wherein I hired an attorney and an appraiser at a reasonable price. What I learned is that not all comps that a Realtor finds online are "usable" and the last thing you want is to go through this ardous process to have your comps rejected. These guys have a way to figure out which are usable and which are not and they fill out all the paperwork, appear on your behalf in tax court AND will (1) tell you at the outset if you have a case (2) if you do, charge a reasonable ONE TIME PRICE and (3) won't charge you if the appeal is denied and (4) payment is due AFTER the appeal is accepted or when you realize your gain, which is in the 4th quarter of 2012.
May be worth your time to give them a call for a free consultation. Call Tim Middleton, 732.223.8171.
Francesca Patrizio, Broker Sales Associate, ePro, SRES