A litigation support appraisal is a type of professional real estate valuation prepared for use in legal proceedings or disputes where the value of a property is a key issue. Unlike a standard appraisal used for financing or buying and selling real estate, a litigation support appraisal is developed with the understanding that it may be reviewed by attorneys, judges, mediators, or other legal professionals. We provide the attention to detail that is required for litigation support.
These appraisals are commonly used in cases involving the following:
- Partnership disputes
- Estate and probate matters
- Divorce proceedings
- Property tax appeals
- Eminent domain
- Bankruptcy
- Other commercial real estate conflicts
In every situation, an independent and well-supported opinion of value can help establish the facts needed to negotiate a settlement or present evidence in court.
Litigation support appraisals are subject to greater scrutiny than other types of appraisals, so they must be thoroughly researched, clearly documented, and comply with the Uniform Standards of Professional Appraisal Practice. When conducting these appraisals, we carefully analyze market data, comparable sales, property characteristics, and other relevant factors to produce a credible and defensible valuation.
We understand the importance of presenting findings in a clear, organized report that can withstand examination by multiple parties. We are happy to provide expert testimony regarding the valuation if needed.
Whether you are an attorney representing a client or a property owner involved in a legal dispute, a litigation support appraisal can provide an objective assessment of value. For more information about what is included in a litigation support appraisal or to schedule your appraisal, contact us today.