Most of us learned about eminent domain in our 9th-grade civics class and subsequently forgot all about it! We’re reminded of it when our communities expand highways or build new parks, and it often occurs in areas desperately in need of new infrastructure. But what happens when your home or commercial property has been condemned?
Our team at Ferstl Valuation Services has been offering trusted real estate appraisals in Little Rock since 1967, and we provide real estate consulting services if you’re considering upgrading your commercial real estate portfolio. Our services also include expert witness testimony if you’re headed to court for an eminent domain or other type of property dispute. Eminent domain refers to the state or federal government’s power to appropriate private property for public use in exchange for just compensation. If you believe the government’s property valuation is insufficient, we’re a phone call away when you’d like to evaluate your options.
Eminent domain is most commonly used for infrastructure projects or road expansion, but the federal government can condemn homes or commercial buildings as it sees fit. State, county, and local governments can also condemn properties for public use. But if you disagree with the government’s valuation, we’ll help you protect your civil rights when your case goes to court. We can also assist you with estate planning, divorce proceedings, property tax settlements, and state and gift tax returns.
The Fifth Amendment of the U.S. Constitution guarantees your right to just compensation if you own a property in a targeted area, and we can provide an independent expert opinion of any commercial or residential property’s fair market value. We’re also Arkansas Bar-licensed attorneys uniquely qualified to act as real estate expert witnesses. Our services include trial preparation, exhibit preparation, cross-examination, and rebuttal testimony. The expert witness cannot act as your advocate or negotiator, but you can and should hire someone to do that role.
If you have any additional questions about expert witness testimony or Little Rock real estate appraisal services, contact us online or at 501-375-1439.
