NCJAR News
Real estate appraisals are pivotal in the property market, ensuring fairness, accuracy, and informed decisions. This concise guide demystifies appraisals, providing essential insights for real estate professionals and enthusiasts.
Why Appraisals Matter
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Property Value: Appraisals determine a property's unbiased market value.
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Lending: Lenders use appraisals to assess collateral and loan terms.
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Fair Transactions: Appraisals ensure equity in real estate deals.
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Taxation: Local governments rely on appraisals for property tax assessments.
A Day of Education and Celebration
The annual REALTOR®-Palooza event at New Jersey REALTORS® Headquarters in Trenton on September 22, 2023, was a hit! Attendees enjoyed a day of insightful CE classes, networking, and prizes. Education sessions were first-come, first-served. This event was a fitting tribute to the dedicated REALTORS® who make New Jersey's real estate industry thrive.
Cheers to another successful year!
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September is Realtor Safety Month. As professionals in the real estate industry, you are dedicated to helping clients buy and sell properties while providing top-notch service. However, it's crucial to remember that your safety is paramount. In this article, we will discuss essential safety tips and resources to keep you safe while conducting business in the field.
1. Trust Your Gut
Your intuition is one of your most valuable tools when it comes to safety. If a situation doesn't feel right, trust your instincts. If you feel uncomfortable, it's okay to decline a showing or meeting. Always prioritize your well-being over any potential business deal.
2. Pre-screen Clients
Before meeting with clients for the first time, gather as much information as possible. Request their full name, contact information, and ask for a copy of their ID. Share this information with a colleague or supervisor and arrange to meet them at the office before going to a property.
3. Use Technology Wisely
With the September 30, 2023 deadline looming, the possibility of a government shutdown due to a lack of consensus on a Continuing Resolution (CR) is a source of concern. The real estate industry, closely intertwined with federal programs, faces potential disruption, particularly in areas such as housing and mortgages. While essential services like the post office will continue, certain critical programs are at risk. Here, we provide a brief overview of the situation and highlight the ongoing efforts of the National Association of Realtors (NAR) to assess the impact on its members and their businesses.
For more resources and information, please read more from NAR https://www.nar.realtor/advocacy/what-a-government-shutdown-means-for-realtors.
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