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The Facts About Non-Lender Home Appraisals: An Interview with Joseph Nardini of Accurate Real Estate Appraisal, LLC

By Joseph Nardini

Please tell us a little bit about your company and the services you offer.

Accurate Real Estate Appraisal, LLC has been in business for over 20 years, offering services in the residential real appraisal needs for clients in the greater New Haven area. Our staff is fully certified and additionally are licensed real estate agents.

Can you give a brief explanation of what non-lender home appraisals are used for?

Non-lender appraisals are used for a variety of needs, such as:

Attorneys need real estate appraisals for marital asset settlement in divorces.
Accountants need appraisals for estate purposes.
Homeowners use real estate appraisals for determining market value prior to selling. Also to appeal the current taxes on a piece of property.
Insurance companies use real estate appraisals to determine the insurable interest in a property.
Real estate agents will often employ the services of a real estate appraiser in determining a value on a difficult property for sale.

What are the most frequent type of non-lender home appraisals you do in Connecticut?

The most common non-lender real estate appraisals we see are for the attorneys in divorce cases and tax appeals.

How can a home appraisal help with probate or settling an estate?

An appraisal would assist the attorney in the probate matter and the real estate professional charged with selling the property to determine a fair market value for the property. This could facilitate a quick and efficient sale, settling the estate quicker and disbursing the assets to the heirs sooner.

Can home appraisals have an effect on property taxes? When is the best time for homeowners to get an appraisal for tax assessment purposes?

This two-part question is very interesting. Firstly, real estate appraisals effectively determine values in an area or town. This information is stored in databases and used later to determine re-evaluations for the towns and cities. These re-evaluations are used by the assessors in the cities and towns to determine the mill rate and set the taxes for each property in town.

Secondly, the best time for a homeowner to get an appraisal for tax appeal purposes is different depending on the town. Each town has a board of tax assessment appeals. This tax assessment appeals board meets at a specific time during the year and you should check with the local assessor to find out the month and day of the meeting. However, keep in mind that the appraisal is a retrospective appraisal. The appraisal date is determined by the last time the town did a re-evaluation. So if the last re-evaluation was October 1, 2012, then the date of the appraisal would have to be on that date with all comparable sales prior to the October 1, 2012 date.

Do you have any insider tips for getting a non-lender home appraisal in Connecticut?

Yes. Many non-lender appraisals may require some type of live testimony. Divorce cases typically end up getting one appraisal from each party. These appraisals then become a source for contention. Often the appraiser is required to appear in court or at a deposition to discuss the appraisals. Both the one that was done by the appraiser for his or her client and to also discuss and review the appraisal for the opposing side.

The same type of scenario happens for tax appeal cases. The town has one appraisal that indicates one value and the appraiser for the homeowner might have another appraisal that indicates another value.

Make sure that the appraiser you are going to use is experienced in live court testimony and is willing to participate in that testimony. Otherwise you might have to get another appraisal from another appraiser that is willing.

What's the best way for people to contact your company?

Our email address is Our direct phone number is 203 481-3729 or we can be contacted on through our website .

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