Eminent Domain Attorney services as per your needs

Just because we are entitled to receive payment for property that has been taken from us, however, does not mean that we must accept the government's determination of the value of our property. While I don't question their credibility and motivation to get it right (I used to work for the government and did this exact thing, so I know how much they want to get it right), sometimes they undervalue properties.

While doing this, he remembers the boat. Some of it comes from a lack of knowledge of the law, some comes from the subjectivity of property valuation, and some just from doing a bad job. So, below I am going to discuss in brief the things that you can do to get the money your property is worth.

The first thing you need to do is get an experienced eminent domain attorneys by your side. If someone sued you for taking your property or you were arrested and charged with a crime why wouldn't you try to represent yourself? The same goes for eminent domain, which is a highly specialized and complex area of law. Just as you probably wouldn't trust a criminal defense attorney to prepare your will, you shouldn't trust your family lawyer to know what he's doing with eminent domain. get a professional.

Now that you have signed yourself up with a reputable domain lawyer, you can look at the offer made to you to determine its validity. The general basis for appraisers to value a property is to look at other sales that actually occurred in the market that were similar to your property and then adjust those sales for the individuality of your property, otherwise known as comparable sales or the market approach. is known in There are a number of problems that can arise with this method that you need to investigate before accepting a reputable domain offer for purchase.

The first thing to look at is the comparable sales used to determine your property's value. Were they in the same general location as your property? Was there anything about the properties searched that made them a worse candidate than your property? All of these questions need to be answered, and someone experienced in valuing property taken by eminent domain law can help you do that. Assuming you find some mistakes here, hold on to that information and move on to the second step.

Step two is to take the information you gathered and see how the appraiser adjusted these sales amounts up or down to reflect the value of your property. And it is important to mention here that in most circumstances you will have access to the government's assessment. Back to step two, the appraiser's adjustments can have a significant impact on the way your property is appraised.

And here's the kicker - for the most part these adjustments, and especially the amount of adjustments, are based solely on the appraiser's discretion. An experienced eminent domain attorney near me should be able to tell whether these adjustments are realistic or not. If they rely on mistakes found in the first step to make these adjustments, there could be some significant difference in the final determination of fair market value.

After steps one and two, step three goes outside the box. The last thing you want to do is make sure no other sales have occurred before the government appraiser determines the fair market value of your property. In many cases, a recent sale can significantly affect the value of your property and your eventual award of fair compensation. If it was missed by the appraiser, it is important to notify the government of this recent sale so they can pay you what you are entitled to.

Final Words: Ultimately, determining the fair market value of your property and just compensation in an eminent domain case is a very subjective exercise. The government will have advocates on their side to help them present their point of view, and you should too.

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Charles Ruffin also represents nationally traded real estate investment trusts and other real estate investors. His clients include oil and gas interests, fast food franchisors and franchisees, hotel investors,