General Appraisal Questions

What is a real estate appraisal and why would I need one?

An appraisal is an expert, unbiased estimate of your property’s fair market value. It’s used for divorce, estate settlement, tax appeal, selling a home, and more — anytime a credible value is required.

When do I need an appraisal — and who typically requests it?

Appraisals are often needed during legal proceedings (divorce, probate), before selling, for IRS reporting, or to dispute high property taxes. Clients include homeowners, attorneys, heirs, accountants, and real estate professionals.

What’s the difference between an appraisal and a home inspection?

Appraisals determine value, while inspections evaluate condition. Appraisers focus on the market. Inspectors look for damage or code issues.

How do I know if my property is being compared to the right comps?

We select comps based on location, size, style, condition, and recent sales. If you think we missed something, we welcome your input — our reports are always defensible.

Can I use Zillow or Redfin instead of hiring an appraiser?

No. Zestimates are based on algorithms and are not accepted by courts, the IRS, or attorneys. Our certified reports are based on physical inspections and real market data.

What do you look at when valuing my property?

We analyze location, square footage, condition, renovations, local sales, and market trends — adjusting for differences to deliver a true market value.

How do I prepare for the appraisal? Should I clean or fix anything?

Make sure the home is clean, accessible, and ready to show its best features. Unlock all rooms, secure pets, and provide documentation for upgrades or permits.

What does an appraisal report actually include?

You’ll get a full written report with photos, market comps, adjustments, maps, and our final opinion of value. It’s designed to be legally defensible and easy to understand.

How long does it take to get the report back?

We deliver most reports in 2–5 business days. Urgent or court-related cases may take slightly longer.

How much does an appraisal cost — and what affects the price?

Typical fees range from $495–$750 depending on complexity, property size, and purpose. Court-ready or multi-family reports may be higher.

Can I challenge an appraisal if I disagree with the value?

Yes. Share your concerns or additional comps, and we’ll consider a formal reconsideration of value if warranted.

Is your appraisal accepted in court or by the IRS?

Yes. All NJREAG appraisals comply with USPAP standards and are accepted for court, IRS, and legal use.

Appraisal Services for Special Situations

Can I use an appraisal for a tax appeal in New Jersey?

Yes — we provide certified tax appeal appraisals to support lowering your assessment and property tax bill. Many counties require this documentation.

What’s a Date of Death (DOD) appraisal and why is it required?

It determines a home’s value on the date someone passed away — required for estate settlement, probate, and IRS reporting for inherited properties.

How is a divorce appraisal different from a regular one?

It must be unbiased, court-ready, and able to withstand scrutiny from both sides. We’re experienced in handling high-conflict and time-sensitive divorce cases.

What happens during the appraisal inspection?

We measure the property, take photos, walk through all rooms, and assess condition, layout, and updates. It typically takes 30–60 minutes.

Is an appraisal the same as a home valuation or CMA?

No. A CMA is an agent’s estimate. An appraisal is completed by a licensed professional, based on strict standards, and carries legal weight.

Do appraisers go into attics, crawlspaces, or basements?

We visually inspect accessible areas but don’t crawl through them. If condition affects value, it will be noted in the report.

Do you offer appraisals for multi-family or commercial properties?

Yes. We appraise 2–4 unit residential, land, and commercial properties across New Jersey. Inquire for a quote.

How far in advance should I book an appraisal?

Ideally 3–5 business days before your deadline. For legal cases, sooner is better. Rush service is available upon request.