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New Jersey Realty Advisory Group, LLC

Providing Professional Appraisal Services for Lenders, Property Owners, Government Agencies and the Legal Community of over 35 years

Serving

Middlesex County  |  Hudson County  |  Union County  |  Monmouth  |  Essex County  |  Bergen County  |  Lower Passaic County

Experience

New Jersey Realty Advisory Group, LLC, is a full service Real Estate Appraisal Company servicing central and northern New Jersey. With over 35 years of experience in the real estate business, we perform a wide varity of services for lenders, attorneys, government agencies, corporations and private individuals.

Knowledge

We know the market. We have worked extensively in Northern New Jersey and have appraised all types of properties from residential homes, large industrial and office buildings, to mom and pop investment properties.

Trust

We specialize in commercial, retail, industrial, multi-family of all sizes, special purpose properties and the mom and pop buildings located throughout northeastern New Jersey. We can handle all of your appraisal needs, delivering USPAP-compliant reports for financing, equitable distribution, eminent domain, inheritance tax or partial interest purposes.

Albert F. Chanese has over 25 years experience in the appraisal field and over 35 years in real estate. He holds the MAI designation from the Appraisal Institute and is a member of the International Right-of-Way Association.

See more of Al Chanese's videos on the NJ Property Appraiser YouTube Channel.

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Lenders

bank

Local knowledge is important in making lending decisions and our staff has been providing that knowledge for over 35 years. We know the local markets.

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Attorneys & Accountants

cpa

New Jersey Realty Advisory Group LLC can provide attorneys and accountants with reliable, unbiased appraisal reports and consulting services for all valuation needs.

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Government Agencies

municipal

Over the past 35 years, Mr. Chanese has provided appraisal services for Federal Agencies, State Agencies, County and Municipal Governments.

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Private Property Owners

house

Thinking about buying or selling a home but not sure of the right price? Are you the executor of an estate and need a property appraised for estate taxes? Call us.

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Contact us if you have any questions regarding the valuation of Real Estate.

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F. A. Q.

An appraisal is a thought process leading to an opinion of value. This opinion or estimate is arrived at through a formal process that typically uses the three ”common approaches to value”. They are the Cost Approach – which is what it would cost to replace the improvements, less physical deterioration and other factors, plus the land value. There is the Sales Comparison Approach – which involves making a comparison to other similar, nearby properties which have recently sold. The Sales Comparison Approach is normally the most accurate and best indicator of value for a residential property. The third approach is the Income Approach, which is of most importance in appraising income producing properties – it involves estimating what an investor would pay based on the income produced by the property.

An appraiser provides a professional, unbiased opinion of market value, to be used in making real estate decisions. Appraisers present their formal analysis in appraisal reports.

Yes, I am a Certified General Appraisers in New Jersey. I obtained my license in 1989, the first year licensing was required.

Al Chanese is an MAI and was designated in 1993. The MAI Designation is awarded by the Appraisal Institute and is the most prestigious designation awarded in the appraisal industry.

Over the past 20 years I have worked on various projects throughout the state. These projects have included the Long Branch Redevelopment including Pier Village, Carteret Redevelopment along Roosevelt Avenue, the Bound Brook and Lincoln Park Flood Control Projects, just to name a few. I have testified at over 200 commission hearings and in Superior Court.

Over the past 25+ years, I have appraised a wide variety of properties including golf courses, breweries, subdivisions, industrial building from 2,500 square feet to over 1,000,000 square feet, offices, retail centers and residential homes. We will tell you up front if we are qualified to complete the assignment so that you know you are getting the best qualified person for the assignment.

There are many reasons to obtain an appraisal with the most common reason being real estate and mortgage transactions. Other reasons for ordering an appraisal include:

To obtain a loan.
To establish the replacement cost of insurance.
To contest high property taxes.
To settle an estate.
To provide a negotiating tool when purchasing real estate.
To determine a reasonable price when selling real estate.
To protect your rights in a condemnation case.
Because a government agency such as the IRS requires it.
If you are involved in a lawsuit.