Appraising residential properties is Alta Associates Appraisals most utilized area of expertise. The residential real estate appraisal is a market based estimate of the properties value. Residential appraisals are utilized in establishing the value of a home involved in a sale, a refinancing transaction, or determining market value for various other reasons. Obtaining the most accurate estimate of value is extremely important, especially during these times. The practice of "hitting numbers" for clients has led to benefitting some lenders, while at the same time resulting in borrowers and home owners being adversely affected. Unfortunately, in some cases, owing more that the home is worth. A predetermination of value between a lender and an appraiser, can be costly to a homeowner, and is in violation of USPAP, the Uniform Standards of Profession Appraisal Practices. The benefit of using a Certified Residential Appraiser is to determine the most realistic value of a home. The estimates of value provided are typically more accurate than those obtained, for example, via CMA's done by realtors. Less accurate are value estimates from AVM's, utilized by lenders. There are web sites that can be found, that claim they can provide a homeowner with an accurate value. This is rarely the case. Without inspection of the property, an accurate valuation can not be determined.  

Our company specializes in the Essex County area with extensive experience in Belleville, Bloomfield, Caldwell, East Orange, Essex Fells, Fairfield, Irvington, Livingston, Montclair, Millburn, Orange, Newark, North Caldwell, Nutley, Rosedale, Short Hills, South Orange, West Caldwell, West Orange. We also serve Bergen, Morris, Passaic, and Union Counties.