article thumbnail

Expert Witness Testimony: The Indispensable Role of Real Estate Appraisers in Legal Disputes

Boston Appraisal

Scenarios Necessitating Appraisers as Expert Witnesses: Property Disputes : Appraisers are crucial in resolving boundary disagreements, easement issues, or broader disputes over property rights. Their assessments can delineate how such disputes affect property valuation, informing legal arguments and potential resolutions.

Legal 148
article thumbnail

The Four Tests of Highest and Best Use

McKissock

If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Is there a maintenance easement, such as with waterfront properties, that could affect existing or proposed structures? retail, restaurant, service station) would be most profitable given the location?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Complex Appraisals: Navigating Unique Properties and Situations

Appraisal Partners Blog

Mixed-Use Developments: These properties combine multiple uses, such as residential, commercial, and retail spaces in a single development. Properties with Environmental Issues or Easements: Properties with contamination, environmental restrictions, or legal easements often require specialized knowledge to assess the impact on property value.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. percent from 5.71

article thumbnail

Are Appraisers Professionals?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft., percent from 6.38

article thumbnail

Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. retail residential mortgage applications, and has been conducted weekly since 1990. ” To read more about this topic, plus 2+ years of previous issues, subscribe to the paid Appraisal Today.

article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers. retail residential mortgage applications, and has been conducted weekly since 1990. “But when you go inside, it’s just a fun surprise. The inside and the outside are quite different.”