When there is a question as to the value of your property, there is also a risk involved. A professional appraiser helps you manage your risk by providing a well-developed, documented, unbiased estimate of value on which you can base your final decisions. A key question to ask, prior to hiring an appraiser, is whether or not he or she is licensed. Selecting an ethical appraiser who complies with the requirements of the State Real Estate Appraiser Board is the best assurance that you are working with a professional who will provide quality services. The recognition the appraiser has received for professional activities and whether the appraiser is currently licensed or certified and in good standing with the State Real Estate Appraiser Board are often important criteria for selection.
Professional appraisers value property with independence and objectivity.
Look for an appraiser who has experience in appraising properties similar to the property you want appraised. You can do this by reviewing the appraiser's job history, resume or other information which shows his or her work experience. Under New Jersey law, there are three licensing levels of appraisers under the jurisdiction of New Jersey's State Real Estate Appraiser Board. Two of these levels, Licensed and Certified Residential Real Estate Appraisers, may appraise real estate subject to limitations regarding the type of property and value. A Certified General Real Estate Appraiser is a comprehensive level of licensure which qualifies the appraiser to appraise any and all types of properties.