What brings you here?
We inherited a house.
Estate records, a sale and a buyout between heirs may need different dates and report users.
Estate appraisals →The house is part of a divorce.
Start with your attorney’s instructions, the effective date and who will receive the report.
Divorce appraisals →I’m making a residential decision.
A sale, refinance, PMI request or other purpose starts with the property and the recipient’s requirements.
Residential appraisals →There’s a deadline.
Give us the exact date and access arrangements before planning around delivery.
Ask about rush availability →For estate administration, see probate appraisals. If your tax adviser needs inherited-property basis documentation, see IRS step-up appraisals.
A Newark address is only the beginning
An Ironbound two- or three-family home needs a useful comparison to similar properties; so does a one- or two-family home in Vailsburg. Tell us the unit count, occupancy and condition. A nearby sale is helpful only when the comparison makes sense.
What happens in an appraisal?
- Agree the assignment. Confirm the purpose, effective date, report users and scope.
- Understand the property. Depending on the scope, this may involve an interior and exterior visit, photographs, measurements and records.
- Research the evidence. The appraiser studies comparable sales and relevant differences. Some assignments also call for cost or rental-income analysis.
- Explain the value. The report gives an opinion for a stated date, supported by the analysis. A negotiated sale price can differ.
If a lender needs the report, ask about its ordering process before arranging your own appraisal. For any assignment, ask for the scope, fee and delivery estimate in writing. Tell us about the property.