Happy New Year to all! As we embark on 2025, I'm excited to share some updates and reflect on a successful 2024. After retiring from NJDOT in July 2023, where I served as a staff reviewer and appraiser specializing in condemnation work since 2004, I've been enjoying new ventures and opportunities.
New Beginnings and Continued Expertise:
My time at NJDOT provided invaluable experience in the complexities of condemnation appraisals and honed my skills through reviewing the work of other professionals. I'm grateful for the opportunity to have worked alongside some of the best in the field.
While I've registered as a state vendor for potential contract work, I've also been busy with bank, divorce, private sales and estate appraisals, both of which I find rewarding. It's been a pleasure applying my expertise to assist clients in these areas.
Navigating the Real Estate Market in 2025:
The economic outlook for the real estate market in 2025 remains uncertain. Many predict a similar or potentially slower market compared to last year. However, as we all know, the market can be unpredictable. Bank lending has dropped off sharply. The rates still remain high compared to a few years ago when buyers took advantage of low rates. Now with the threat of tariffs which could increase cost of housing the future remains highly unpredictable.
Facing Real Estate Challenges?
If you're facing challenging real estate situations, whether it's determining the value of a property for sale or dealing with complex appraisal issues, please don't hesitate to reach out. I'm always eager to leverage my experience and knowledge to assist you.
The Value of a Professional Appraisal:
In today's market, a professional appraisal is more valuable than ever. Considering the significant value of real estate assets and the costs associated with carrying unsold properties, investing in an appraisal can save you time, money, and stress.
RU Appraisals, LLC is here to support you with your real estate valuation needs. Contact us today for a consultation.
Wishing you all a successful and prosperous 2025!