Silver Spring Community
Silver Spring Community

Silver Spring Community Spotlight Silver Spring has had a few detours in its development as a thriving DC suburb, but today it has come into its own. With its large […]

Chevy Chase Community
Chevy Chase Community

Chevy Chase Community Spotlight This picturesque community leans more toward city life in the District, which lies just beyond the Chevy Chase Circle. This engaging neighborhood is loyal to its […]

Bethesda Community
Bethesda Community

BETHESDA: Community Spotlight Bethesda, a DC suburb located in Montgomery County, used to be well on the fringes of urban life and entertainment, today’s Bethesda is anything but boring. With […]

The Appraisals Effective Date
The Appraisals Effective Date

Standards Rule 2-2(a) (vi) requires an appraiser, in an Appraisal Report, to: (vi) state the effective date of the appraisal and the date of the report; Comment: The effective date […]

FIRREA – Market Value Defined
FIRREA – Market Value Defined

Title XI of FIRREA is sometimes referred to as the “Savings and Loan Bailout Bill.” This legislation accomplished a great deal with regard to lenders, appraisers, and the states in […]

Can You Use Hypothetical Conditions?
Can You Use Hypothetical Conditions?

Whereas we believe an extraordinary assumption to be true, a hypothetical condition is something that we know is not true, yet we appraise the property as though it were true. […]

What is an Extraordinary Assumption?
What is an Extraordinary Assumption?

The first thing to acknowledge with regard to an extraordinary assumption is that it is something we do not know, but we take it to be true. Second, while an […]

Income Approach to Value
Income Approach to Value

The third generally accepted approach to value is the income approach. The principle of anticipation is at work with this approach to value. In other words, the value of the […]

Cost Approach to Value
Cost Approach to Value

The cost approach is also known as the summation approach to value. The principle of substitution is at work with this approach to value and is associated with replacement or […]

Sales Comparison Approach
Sales Comparison Approach

The sales comparison approach is considered to be the most favored approach for residential properties. This approach is taken as a direct measurement of the market and its trends. The […]

Highest & Best Use Analysis
Highest & Best Use Analysis

One of the essential elements of the appraisal process is establishing what the subject property’s optimum use would be and then appraising the property according to that use. This is […]

Top 10 Questions to Ask When Hiring an Appraiser
Top 10 Questions to Ask When Hiring an Appraiser

A real estate appraiser has an essential role in almost all types of real estate matters, be it a tax appeal, divorce, bankruptcy, estate settlement, purchase, and more. The concluded […]

What Factors Determine a Home’s Value?
What Factors Determine a Home’s Value?

There are several steps taken by an appraiser to determine a property’s value, which include visiting the property in-person and reviewing recently-completed sales of comparable homes. The data gathered by […]

Appraisal vs Inspection: What’s the Difference?
Appraisal vs Inspection: What’s the Difference?

Although the home appraisal may seem similar to the home inspection, the goals of these two processes are very different. – The appraiser determines the value of the house. – […]

How Does an Appraisal Help Me?
How Does an Appraisal Help Me?

An accurate appraisal has the power to protect home sellers, homebuyers and mortgage lenders. Therefore, it is important to make sure that a qualified, independent appraiser evaluates your potential home. […]

What Is a Home Appraisal?
What Is a Home Appraisal?

A home appraisal is an unbiased report on the worth of a house in the fair market, performed by a trained and licensed or certified individual. Appraisals are needed to […]

Home Measurement Services
Home Measurement Services

In today’s highly competitive real estate industry, there has never been a greater need for accurate reporting of a property’s true living area as all too often the gross living […]

Tax Assessment Appeals
Tax Assessment Appeals

Due to the recent downturn of home prices over the past several years, a large percentage of homes in Maryland are still being ‘taxed’ based on much higher property values […]

Pre-foreclosure & Short Sales
Pre-foreclosure & Short Sales

New Era Appraisals, LLC. is a leading provider of real estate appraisals for REO foreclosures and short sales. Our Company appraises real estate throughout the greater Baltimore-Washington metropolitan area. We […]

Horse & Specialty Properties
Horse & Specialty Properties

New Era Appraisals, LLC is uniquely qualified to appraise equestrian properties of all sizes. Our experience includes equestrian properties that are private as well as properties that are income producing. […]

Date of Death Appraisals
Date of Death Appraisals

Settling an estate is one of those things that most people know little about until they actually go through the experience. So we hope to offer you a bit of […]

Appraisals for Investors
Appraisals for Investors

Performing appraisals for investment and rental properties requires a higher level of understanding of the appraisal process. These types of appraisals are not just concerned with Fair Market Value derived […]

Distressed Properties as Comps?
Distressed Properties as Comps?

Many of our real estate appraisal clients in Maryland have asked us if we use distressed properties (short sales and foreclosures) as comparables when doing an appraisal on non-distressed properties. The Appraisal […]

Market Value Vs. Assessed Value
Market Value Vs. Assessed Value

A property’s market value is typically higher than its assessed value. Houses are valued for different purposes. Counties collect money from homeowners as real estate taxes that are calculated, or […]

Pre-Listing Appraisals Can Save Deals
Pre-Listing Appraisals Can Save Deals

Why? Because you can and should provide a copy of this appraisal to the Bank’s appraiser. Not only will that appraiser be happy to have a prior appraisal to review […]

Property Divorce Appraisals
Property Divorce Appraisals

Finalizing a divorce involves many decisions, including “Who gets the house”? There are generally two options regarding the house – it can be sold and the proceeds divided, or one […]

Estate Appraisal Facts
Estate Appraisal Facts

Date of death valuations (Retrospective Appraisals) Attorneys, accountants, executors, and others rely on New Era Appraisals, LLC for “date of death” valuations because such appraisals require special expertise and training. […]

Seller Tips about FHA Appraisals
Seller Tips about FHA Appraisals

In the home buying marketplace there are many different types of mortgage products available to consumers. The most popular in recent years is the FHA mortgage. The FHA mortgage allows […]

Home Appraisal Tips for Sellers
Home Appraisal Tips for Sellers

Being an appraiser, I see anxiety and the look of fear on a home sellers face when I walk through the door. Here I will share my home appraisal tips […]

Woodstock Community
Woodstock Community

Spanning rural Howard County and Carroll County, Woodstock offers a variety of housing choices with a mix of modern condominiums, townhouses, and older single-family homes ranging in price from around […]

Laurel Community
Laurel Community

The communities central location to Baltimore and Washington D.C. makes it an ideal location for commuters. The housing market in North Laurel consists of a variety of real estate options […]

Highland Community
Highland Community

Highland is an unincorporated community in western Howard County located at the junction of Highland Road, Maryland Route 216 and Maryland Route 108. Once composed primarily of horse farms, Highland […]

Hanover Community
Hanover Community

Hanover Community Spotlight Hanover, Maryland in Anne Arundel County is located south of Baltimore near the Howard County line. Conveniently located off of 295, both Baltimore and Washington D.C. are […]

Glenwood Community
Glenwood Community

Glenwood Community Spotlight Glenwood, located in western Howard County, is situated between Baltimore and Washington D.C. and near Columbia. Glenwood real estate offers its residents convenience to shopping and work […]

Fulton Community
Fulton Community

Fulton Community Spotlight The once-obscure Howard County town of Fulton, strategically located about 30 minutes away from the larger cities of Baltimore and Washington DC, has recently revamped itself as […]

Ellicott City Community
Ellicott City Community

Ellicott City Community Spotlight Rich in history and culture, Ellicott City is located less than an hour from Washington, DC, and Baltimore, MD. Over 62,300 happy residents call this historic […]

Elkridge Community
Elkridge Community

Elkridge Community Spotlight Elkridge real estate is located in Howard County along the Patapsco River, which separates Howard County and Baltimore County; it is bordered by the neighboring communities of […]

Columbia Community
Columbia Community

Columbia Community Spotlight Located some 10 miles southeast of Baltimore in Maryland’s lush woodlands, Columbia is a master-planned community made up of nine separate villages and the Town Center. Recognized […]

Clarksville Community
Clarksville Community

Clarksville Community Spotlight Clarksville is located in Howard County between Baltimore and Washington, D.C and bordered by Columbia to the west and Ellicott City to the north. Over half of Clarksville […]

Roland Park Community
Roland Park Community

Roland Park Community Spotlight Incorporated in 1918, Roland Park is situated between Tuscany, Wilmslow and Canterbury roads on the east, University Parkway, Falls Road and Jones Falls Expressway on the […]

Patterson Park Community
Patterson Park Community

Patterson Park Community Spotlight The Patterson Park neighborhood offers its residents the perfect place to escape the bustling city life that surrounds Baltimore. A vibrant past blended with recent revitalization […]

Mt Washington Community
Mt Washington Community

Mt Washington Community Spotlight Mount Washington real estate, located in northwestern Baltimore City, is only 15 minutes from the Inner Harbor by way of the Jones Falls Expressway. If you […]

Locust Point Community
Locust Point Community

Locust Point Community Spotlight Locust Point in South Baltimore is located just blocks away from the water. Locust Point real estate ranges in price from 250,000 to 500,000. When the Star-Spangled […]

Homeland Community
Homeland Community

Homeland Community Spotlight Located in North Baltimore, in the vicinity of York Rd, Bellona Ave, and Charles St, home searchers will find the community of Homeland, identified as one of […]

Harbor East Community
Harbor East Community

Harbor East Community Spotlight Located on the Patapsco River in the heart of Baltimore home searchers will find Harbor East. A community of high-rise hotels, apartments, condominiums, office buildings and […]

Hampden Community
Hampden Community

Hampden Community Spotlight Located in northwestern Baltimore City, Hampden is a thriving neighborhood that has become one of Baltimore´s most desirable places to live. Originally a small cluster of homes […]

Guilford Community
Guilford Community

Guilford Community Spotlight Located in North Baltimore, home searchers will find the distinctive community of Guilford. Guilford real estate is comprised of approximately 800 single-family homes built in the early […]

Fells Point Community
Fells Point Community

Fells Point Community Spotlight Situated just east of Baltimore´s Inner Harbor, Fell´s Point is a waterfront community that is rich in history and big on the arts and entertainment scene. […]

Federal Hill Community
Federal Hill Community

Federal Hill Community Spotlight The neighborhoods of Federal Hill, Federal Hill South, and Riverside make up what many residents typically refer to as Federal Hill. Rich in history, this neighborhood´s […]

Charles Village Community
Charles Village Community

Charles Village Community Spotlight Charles Village Real Estate is located just a short ride from downtown Baltimore City on Interstate 83. The greater Charles Village community includes the neighborhoods of […]

Canton Community
Canton Community

Canton Community Spotlight Located east of Baltimore’s Inner Harbor on the waters of the Patapsco River, lies the Baltimore City neighborhood of Canton. Residents of Canton benefit from its convenient […]

Reisterstown Community
Reisterstown Community

Reisterstown Community Spotlight Reisterstown is located less than ten minutes outside the suburban hub of Hunt Valley, where many large corporations such as Procter and Gamble and Bank of America […]

White Marsh Community
White Marsh Community

White Marsh Community Spotlight Anchored by a bustling town center, White Marsh real estate is home to a planned community in eastern Baltimore County. The community’s residential area lies across […]

Perry Hall Community
Perry Hall Community

Perry Hall Community Spotlight Perry Hall is located about 10 miles northeast of Baltimore City. It is bordered by the great Gunpowder Falls, and White Marsh Run. The Honeygo Village […]

Pikesville Community
Pikesville Community

Pikesville Community Spotlight Located in Baltimore County and just minutes from downtown Baltimore, Pikesville real estate offers a variety of housing options and convenient amenities while still providing an above-average […]

Sparks Glencoe Community
Sparks Glencoe Community

Sparks Glencoe Community Spotlight A truly great place to live, Sparks Glencoe is a thriving community situated in northern Baltimore County. At just 20 miles north of the exciting port […]

Rodgers Forge Community
Rodgers Forge Community

Rodgers Forge Community Spotlight Roger’s Forge, in Baltimore County, just north of Baltimore City, is a family-oriented community comprised of approximately 1,700 homes. Roger’s Forge real estate is a mix […]

Ruxton Community
Ruxton Community

Ruxton Community Spotlight Ruxton, a small community in southern Baltimore County, just north of Baltimore, is part of Towson. It is comprised of the area between Charles Street, Falls Road, […]