REAL ESTATE APPRAISAL

LOCATED IN SUSSEX COUNTY, SERVING PASSAIC, BERGEN, ESSEX, UNION, MORRIS, AND SUSSEX COUNTIES

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New Jersey Real Estate Appraisers

Whether you’re purchasing a home, selling commercial real estate, developing land as an investment, or conducting any other type of real estate transaction in Passaic, Bergen, Essex, Union, Morris, or Sussex Counties, a professional property appraisal will streamline the process and establish the fair market value of any property. Most official real estate forms and documents include a line item of the estimated property value, yet only a licensed and certified appraiser is qualified to provide a completely objective evaluation along with a detailed and comprehensive written report.

 

 


 

Residential - Commercial - Industrial

 

Appraisal Reports

 

What can a professional appraiser do for you? Our accredited professionals are available to assist you with:

 
  • Buying or selling commercial or residential real estate
  • Primary and secondary financing
  • Divorce settlements
  • Estate valuation and probate
  • Estate settlements
  • Property tax assessments
  • Pre-listing services
  • Pre-purchase assessment services
  • Insurance assessments
  • Foreclosures
 


 

Following the onsite assessment and inspection at your location in either of the Passaic, Bergen, Essex, Union, Morris, or Sussex County regions, Watkins Appraisal Services appraisers determine the market value of real estate and comply with the regulations set forth by the Uniform Standards of Professional Appraisal Practices.

 

Our services include:

 
  • Detailed sketch of the property
  • Delineation of all rooms and areas
  • Square footage and layout
  • Itemized description of all features
  • Full disclosure of all defects and assets
 

   


The Appraisal Process


The appraisal process includes the research, compilation, and analysis of all pertinent data as it relates to your specific requirements. Wakins Appraisal Services provides several types of reports in standardized or narrative book form.

Interior Inspection

A list of all assets and defects are objectively analyzed and compiled in a detailed written report.

Property Condition

Includes the specifics of construction, property layout, number of rooms and specific features, equipment, improvements, and renovations.

Neighborhood and surrounding areas

An assessment is made on a property's proximity to services, facilities, and amenities as they may (or may not) relate and affect its market value.

Property Classification

Public records are analyzed to confirm sales and make comparisons in the particular properties region. A range of public records and sources are used, including zoning records, tax data, professional associations, and other applicable publications.

Calculating the Market Value - The Methods

Sales Comparison

In its most basic form, this approach is built on the premise that the market value of a property is partly derived and comparable to surrounding properties.

Cost Approach

Since the market obviously relates to cost, this approach takes into account and analyzes market trends as defined by two specific elements: Land value and land improvements, minus depreciation.

Income Profit

Generally reserved for valuations for commercial and investment properties, determining the market value using the income capitalization approach relies on the perspective that the potential earning power of real estate is significant when calculating its actual value. Income capitalization techniques are used to analyze sales data that measures potential profit and loss.



Watkins Appraisal Services provides complete appraisal services for:

  • Commercial properties
  • Residential properties
  • Multi-Family properties
  • New construction appraisals
  • Condominium appraisals
  • Acreage appraisals
  • Land appraisals


Please call us for more information or for a consultation on your residential, commercial, or industrial property.