California Real Estate Valuation Expert Witnesses
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What is a real estate valuation expert witness?
A real estate valuation expert witness is a professional who appraises the value of real property for a variety of purposes, such as sale, purchase, investment, or tax assessment.
What is the role of a real estate valuation expert witness?
The role of a real estate valuation expert witness is to provide testimony and expertise in legal proceedings related to real estate and property value.
How much can a person make as a real estate valuation expert witness?
Real estate valuation expert witnesses may receive compensation ranging from $175 to $450 per hour, or higher in certain circumstances. The fee is agreed upon by the retaining attorney and the expert.
What are the qualifications of a real estate valuation expert witness?
A real estate valuation expert witness should have experience in appraising the value of real property, knowledge of local real estate markets and trends, and familiarity with industry standards and practices.
In legal proceedings, what evidence is reviewed by a real estate valuation expert witness?
A real estate valuation expert witness reviews evidence such as property appraisals, market analysis, comparable sales data, and other relevant documents to provide an opinion on the value of a property.
What types of cases involve expert opinions from a real estate valuation expert witness?
Real estate valuation expert witnesses are typically involved in cases related to property appraisals, eminent domain, property tax disputes, zoning and land use, and disputes over property value in divorce proceedings.