Standards of Value Kyle S. Garcia, Chapter 73 President, says: Depending on the purpose of an appraisal, several generally accepted standards of value may be considered. Fair Market Value (FMV). The price a willing buyer would pay a willing seller when both know the facts and neither is compelled to buy or sell. Fair Value. In real estate, it is the same as FMV. In business, it is the price determined by legal precedent when a dissenting stockholder asks to have his shares appraised. Investment Value. The value based on expected earnings or monetary return to a particular investor or owner. Contrast this to FMV which is hypothetical and impersonal. Liquidation Value. The net amount that can be realized if a business is terminated and the assets sold piecemeal. Your ASA appraiser will examine these and other standards to arrive at an opinion you can rely on.

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Find an Appraiser
Our members provide appraisals in the specialities of Business Valuation, Gems and Jewelry, Machinery and Technical, Personal Property and Real Estate. To find an appraiser to evaluate your property, you can browse the directory of qualified Northern New Jersey appraisers with websites, or search our database.

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.

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 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.

Professional 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!