American Society of Appraisers: Northern New Jersey Chapter
American Society of Appraisers: Northern New Jersey Chapter Serving Pennsylvania, New Jersey and Delaware


How Is Value Estimated?

Donna Thompson Ray, Chapter 73 President
Donna Thompson Ray, Chapter 73 President, says:

Appraisers answer three questions.

Sales. What have similar properties (homes, farms, machinery, jewelry) sold for recently?

Income. What would a prudent investor pay for the property based on the income it produces?

Cost. What would it cost to replace or reproduce the property?

The final estimate or opinion of value will consider all three answers, weighting each according to appropriateness.

For example, sales comparisons count heavily in appraising residential real estate, while income considerations are more important for commercial real estate and businesses.


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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Installation Dinner
September Meeting: Installation Dinner

The September Chapter Meeting will be held on Tuesday, September 19, 2018 at 6:30 pm at Ferraro's of Westfield.

The Board of ASA Chapter 73 invites you to join us in celebrating the Installation of the 2017/2018 Officers. Dinner is complimentary for Chapter Members.

Details on the Calendar.
Welcome to the Northern New Jersey Chapter of the American Society of Appraisers.

Find 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 Vice President Michael Lavelle.

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.

April 2017: Personal Property Pragmatism, Problem Solving, and Pirates

The April Chapter Meeting was held on Thursday, April 6, 2017 at 6:00 pm at Bistro 18 in Montclair.The Guest Speakers were Ellen Epstein, ASA, Lynn Magnusson, ASA and Jane St. Lifer, ASA, who discussed "Personal Property Pragmatism, Problem Solving, and Pirates."

PP Appraisers Charm & Enlighten
Their discussions explored some of the more unusual and amusing Personal Property assignments of three senior appraisers with over 90 collective years of appraising personal property in the areas of Decorative Arts, Residential Contents, Fine Art, and Photography. The discussants also conducted an Appraisal Clinic for Members Only.

Lavelle Earns ASA/IA Designation
Duirng the meeting, Dan Roche, ASA (President) presented Mike Lavelle, ASA (Vice President) with the certificate for his new IA (Intangible Asset) designation in Business Valuation. Mike was one of the first to earn this designation.

Photography by Chapter Treasurer Donna Thompson Ray.


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 Soceity of Appraisers Northern New Jersey Chapter #73 Officers

President: Donna Thompson Ray
Vice President: Michael Lavelle, ASA
Secretary: Daniel R. Roche, ASA
Treasurer: Dhaval Jani, ASA
Board Member: Lynn Magnusson, ASA
Past President: Daniel R. Roche, ASA