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ASA NNJ Holiday PartyAnnual Holiday Party

The December meeting will be held on Friday, December 5, 2014 at 6:30 pm at LuNello's in Cedar Grove, NJ. The meeting is the Annual Holiday Party, with dinner, cash bar, and Dirty Santa exchange.

Details on the Calendar.
Julbert AbrahamNovember Meeting: Marketing Yourself with LinkedIn

Join us on Thursday, November 6, 2014 at LuNello's, 182 Stevens Ave, Cedar Grove, NJ 07009 for this informative talk and get 2 hrs ASA Continuing Education Credit.

Details on the Calendar.

What's It Worth?

Raymond Dragon, Chapter 73 President
Raymond Dragon, Chapter 73 President, says:

When we ask "What's it worth?" we're asking for an opinion of value. When the courts want one they swear in an appraiser as an expert witness.

ASA-accredited appraisers make credible witnesses because of their education, experience, and adherence to recognized standards, and because they subscribe to the USPAP code of ethics, established by the Appraisal Foundation.

Their appraisals are accurate (based on sound methodology), reliable (repeatable), and trustworthy (ethical).

What's it worth? Ask an ASA appraiser for an opinion of value.

Find An Appraiser
Business Valuation   Business Valuation
Gems & Jewelry   Gems & Jewelry
Machinery & Technical   Machinery & Technical
Personal Property   Personal Property
Real Estate   Real Estate
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Welcome to the Northern New Jersey Chapter of the American Society of Appraisers.

ASA NJ logoFind an Appraiser
Our members provide appraisals in the specialities of Business Valuation, Gems and Jewelry, Machinery and Technical, Personal Property and Real Estate. All are interdisciplinary and will help you select the appraiser or appraisal team that meets your valuation needs. For personal assistance, email Chapter President Lynn Magnusson or call her at 973-425-1550.

Serving Northern New Jersey
The Northern New Jersey Chapter (Chapter 73) of the American Society of Appraisers represents accredited ASA members serving the New Jersey counties of Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex and Union.

Leading Appraisal Organization
The American Society of Appraisers is the nation's oldest and largest interdisciplinary appraisal organization. Founded in 1936 and incorporated in 1952, the ASA includes specialists in all types of tangible and intangible property, both real and personal.

Lynn Magnusson, ASA

Holiday Party a Success
President Lynn Magnusson, ASA reports: "Our ASA 2012 chapter Holiday Party was a delightful event! We raised cash and sporting good donations for Superstorm Sandy victims, heard Bob Connelly's sports memorabilia stories, shared challenges and advice with colleagues, and met new Appraisers to the chapter." Read the full story on the Member's page.

Paul Roberts Co-Authors ASA White Paper
Paul Roberts, ASANorthern New Jersey Chapter member Paul Roberts, ASA, is a co-author of the recent ASA white paper, “Ad Valorem/Mass Appraisal Specialty: A New Beginning and Opportunity for the Real Property Discipline,” which he wrote with lead author Micheal R. Lohmeier, FASA, of the Detroit Chapter, and third author, David J. Kramer, ASA, also out of Detroit. The authors are members of ASA’s Real Property Committee, and Mr. Roberts, a past Region 1 Governor, is also ASA’s Real Property Governor.

The white paper outlines updated and expanded Ad Valorem/Mass Appraisal designations, establishing two new designations, viz. Ad Valorem/Mass Appraisal – General, and Ad Valorem/Mass Appraisal – Residential, both of which are defined with rigorous experience, education and examination requirements.

As Mr. Lohmeier explains in a recent AppraisalBuzz article, “Ad Valorem/Mass Appraisal: A New Direction and Opportunity,” the new designations reflect the fact that assessors and other mass appraisal specialists differ from most real property appraisers in what they appraise -- property types in general, not specific properties -- in the mathematical tools and techniques they use, and in their purpose, which is specific to property taxation.

With this groundbreaking white paper, Paul Roberts, who is Senior Vice President of IAC headquartered in Upper Saddle River, NJ, has again brought honor and distinction to his Northern New Jersey Chapter.

Liz Clement, AM, Lynn Magnusson, ASA and Jane St. Lifer, ASA
Liz Clement, AM, Lynn Magnusson, ASA and Jane St. Lifer, ASA.
Louis Devenish and Lynn Magnusson, ASA
Appraiser Louis Devenish and Lynn Magnusson, ASA at Lambertville Symposium.

October Meetings
October was a busy month for new Chapter President, Lynn Magnusson, ASA. Early in October she attended the ASA International Conference in Phoenix, AZ from October 7-10, where she got up to speed on ASA programs and networked with Liz Clement, AM, President of the Boston ASA Chapter, and Jane St. Lifer, ASA, a member of both the NYC and Northern NJ chapters. The Boston, Northern NJ and NYC Chapter representatives all enjoyed the venue -- the Frank Lloyd Wright influenced Arizona Biltmore dubbed the Jewel of the Desert -- and came away plannning to work on enhancing their ASA Internet presence.

Later in October, on Saturday October 27, Ms. Magnusson attended a Personal Property symposium, Historic Innovation in Gardens and Interiors, sponsored by the The Devenish Group at The Inn at Lambertville Station in Lambertville, NJ. There she basked in the glory of a fine fall day and soaked up a talk by bestselling author and garden historian Andrea Wulf on the "Founding Gardeners: The Revolutionary Generation, Nature and the Shaping of the American Nation." But best of all was the chance to catch up with Appraiser Louise Devenish, with whom she discussed Late 18th and Early 19th Century Fine and Decorative Arts found at Mount Vernon and Monticello, the homes of George Washington and Thomas Jefferson. Lynn says "Since my early days at NYU in the 90s, Louise remains my favorite decorative arts teacher. She helped me to develop my connoisseurship skills and to evaluate characteristics of value."

Jane St. Lifer, ASA, Steve Kennedy & Joe Novelli, ASA
Jane St. Lifer, ASA, Steve Kennedy & Joe Novelli, ASA.
New President Lynn Magnuson, ASA and Regional Governor Susan Golashovsky, ASA
New Chapter President Lynn Magnusson, ASA and Regional Governor Susan Golashovsky, ASA.

Installation Dinner Meeting
The installation of the 2012-13 Northern NJ ASA Chapter's Board of Directors was celebrated in a private room at Lunello's in Cedar Grove, a five star restaurant, in September. The party got started with a cocktail hour featuring an unlimited supply of fine wines and butler served tapas. Regional Governor Susan Golashovsky, ASA was on hand to welcome members and their guests with news on the National appraisal scene and then administered the oath of office to President Lynn Magnusson, ASA, Vice-President Ray Dragon, ASA, Secretary Donna Thompson Ray, and Treasurer Dan Roche, ASA.

Joining in the festivities were Past Presidents Kyle Garcia, ASA, Ellen Epstein, ASA (Long Island Chapter), Rudy Fernandez, ASA, Ronald M. Gold, ASA (NYC Chapter), Scott VanderVliet, ASA along with past Regional Governors Paul Roberts, ASA and Tim Griffiths, ASA. A good-humored and warm-hearted group of appraisers and their guests enjoyed the fine dining and each other's company throughout the evening.

Gerald Coyne, ASA, Chapter President Kyle Garcia, ASA, and Ken Amarante, AM
Gerald Coyne, ASA, Chapter President Kyle Garcia, ASA,
and Ken Amarante, AM

Professional Achievement: Certification
Congratulations to Gerald H. Coyne, Jr., ASA at Valuation Research Corp. in Trenton (at left in photo) and Kent R. Amarante, AM at Federal Appraisal & Consulting in Whitehouse Station, NJ (at right), shown receiving their advancement certificates from past President, Kyle S. Garcia, ASA at the Chapter's December 2008 Holiday Meeting at the Harding Gallery in Morristown.

Gerald, who achieved certification as an Accredited Senior Appraiser (ASA), and Kent, who qualified for the Accredited Member designation (AM) are both Machinery & Technical Specialties /Machinery & Equipment appraisers. Their certifications are marks both of individual achievement and of assurance to their clients.

The certifications are based on appraisal education, experience, intensive written and verbal examinations, and submission of acceptable appraisal reports. ASA candidates, like Coyne, must have a four-year college degree (or the equivalent), a minimum of five years of full-time appraisal experience (or the equivalent), and must adhere to the ASA's Principles of Appraisal Practice and Code of Ethics, and to USPAP. AM candidates, like Kent, must meet the same qualifications and a minimum of two years of full-time appraisal experience. But it doesn't end there. As required by the Appraisal Foundation, ASA members must complete USPAP course work and qualify for mandatory recertification every five years. As Coyne and Kent know, professionalism is a work in progress. Thanks, gentlemen and congratulations!

P.S. The holiday cocktail party was "a wonderful success" thanks to the efforts of Lynn Magnusson, ASA and her staff at Personal Property Consultants and the Harding Gallery.

Kal Barrow, ASA NJ Chapter 73 PresidentProfessional Achievement: Lifetime Membership
The ASA Board of Governors has unanimously approved Chapter 73's recent past President Kal Barrow, ASA for Life Membership in ASA. Life Membership is awarded in recognition of outstanding contributions to the Society and to the valuation profession. A past Chairperson of ASA's International Publications Committee and its International Public Relations Committee, Kal is currently Vice-Chair for Machinery & Technical Specialties of the Board of Examiners. The President of Barrow Appraisal Associates in Edison, NJ, Kal is also a member of the ASA Speaker's Bureau and its Publication and Editorial Review Board. A popular instructor, speaker and author for ASA and other organizations, Kal's long and meritorious service has helped elevate the status of the appraisal profession. Thanks Kal, and congratulations!

Join ASA Your inquiry about membership in our chapter or other appraisal topics is welcome and will receive a prompt and courteous reply from one of our chapter officers. The Northern New Jersey Chapter is large and growing, with more than 60 full members and over 40 active candidate members -- who have met their Ethics and USPAP requirements -- and that doesn't include pending applicants.  But there's always room for one more good appraiser! Interested in appraising and the valuation sciences? Consider joining us!
American Society of Appraisers Northern New Jersey Chapter #73 Officers

President: Raymond J. Dragon, ASA
Vice President: Daniel R. Roche, ASA
Secretary: Michael Lavelle, ASA
Treasurer: Lynn Magnusson, ASA
Membership Chair: Rufino Fernandez Jr., ASA