Condemnation appraisal , TAX APPEALS ,FORCLOSURES AND ALL YOUR APPRAISAL NEEDS:

It's not just a good idea -- and it's not just the law -- it's your constitutional right that if the government wants to condemn your property, or take it from you by means of "eminent domain," it must give you "just" compensation. That's where we come in.

The government is likely to have its own idea of "just" compensation, maybe based on a professional appraisal. But an appraisal on your behalf, performed under the standards of the Uniform Standards of Professional Appraisal Practice (USPAP), is powerful -- and useful -- evidence of what you're entitled to, and protects your rights.

It works the other way, too. We perform work for government clients needing to offer and provide "just" compensation in eminent domain cases. A USPAP-compliant appraisal is the best way to determine fair market value of any property.

If the above makes condemnation appraisals sound simple, that's not the case. There are many legal and procedural issues involved in an accurate condemnation appraisal.A federal condemnation will require a different analysis and report format than a state or local taking. And in any event, the jurisdiction proposing to condemn the property is likely to have its own rules for appraisal that must be followed. It is important to hire an appraisal firm that has experience and training in these types of valuations.

An eminent domain action may reserve certain rights in the property to the current owner. The government may petition to take only part of, or a partial interest in, the property. This requires the appraiser to value the "larger parcel" -- the currently undivided, contiguous property -- and the "remainder" of the property, or rights to use the property, that will be held by the owner after condemnation and factor that into the overall value of the taken property. For an added wrinkle, it will often be necessary for the appraiser to determine his or her opinion of value on the "remainder" before the taking and after the development or use prompting the taking, because they are likely to be very different.

Likewise, appraisers always consider a property's "highest and best use" when formulating an opinion of value. For many condemnation appraisals, it is necessary to consider the highest and best use of the property before taking and after the development or use resulting from the taking. Again, it is important to have a professional appraiser with experience and training.

Because an appraiser may often have to testify about his or her condemnation appraisal, it is important that certain steps in valuation methodology -- such as selecting and analyzing comparable sales -- be performed more thoroughly. You rely on your appraiser to know what's necessary, so again, it's important to select an appraiser/company that has experience and training.

Here at Garden State Appraisal, we are ready and able to perform your condemnation/eminent domain appraisal.  Browse our website to learn more about our qualifications, expertise and services offered.

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 Who should choose us to serve their real estate appraisal needs?

GARDEN STATE APPRAISAL SERVICES LLC
We are experts in providing primary & secondary mortgage appraisals on real estate throughout New Jersey. We perform full appraisals on Single and 2-4 Unit Multi-Family attached & detached dwellings and Condominiums. Other services we offer are appraisals for FHA financing, Appraisal Reviews, Rent Schedules, Operating Income Statements, etc…

● Realtors®:
We offer pre-listing appraisal support services as well as measuring, photo taking & consulting services in New Jersey to support your clients’ home buying or home selling needs.

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