Eminent domain is a right reserved to the federal government that allows the government to make a fair market value offer for your property if it needs the property for one reason or another. However, what constitutes “fair market value” can vary greatly.
If you are currently undergoing eminent domain, you need to know that the value determination made by the government is accurate and comprehensive. If you have doubts, or if you just want to make sure that you get what your property is really worth, it may be wise to hire appraisal experts like MHS Appraisal.
Eminent domain appraisals investigate and report on everything that may impact a property and its potential market value. This includes:
- The total square footage or land contained within the real estate lot
- Any damage that may have occurred to the land
- Any potential or future value the land may have provided to you or your state that the government is required to compensate you for
It’s important to hire your own appraisal if the government insists on purchasing your property. The government’s appraisal advisors may have overlooked certain elements of your property, resulting in an offer that is lower than what you expected or deserve.
Fortunately, all property owners have the right to another appraisal after the government’s initial offer. But not all appraising services are equal! You need to hire knowledgeable, experienced appraisers to ensure that your appraisal report is accurate and beneficial for your goals.
That’s where MHS Appraisal comes in. As fully licensed and experienced appraising experts, we’re the best choice to ensure that your property is appraised, analyzed, and reported on accurately and fairly.
With our help, you’ll get an offer that suits your needs and that feels fair, especially considering the inconvenience the government may be forcing.
Contact MHS Appraisal today to learn more about how we can help with eminent domain appraisals.
MHS Appraisal is a valuation services company with a core competency in real estate market analysis in two divisions: commercial & residential appraisals and consulting & tax appeals. While many individuals think of real estate appraisal only in the context of financing, there are many situations that call for the professional opinion of a licensed real estate appraiser. Our mission is to serve as expert real estate problem solvers for our clients. Contact us today to get started working with one of the most trusted firms in Florida.