Sometimes you may find you are in need of a real estate expert witness. It may be that you have found yourself in the midst of a property dispute, and you need someone who has vast experience in the area of real estate.
Ferstl Valuation Services offers various forms of litigation assistance for property issues, including expert testimony, trial preparation, exhibit preparation, cross-examination preparation, and rebuttal testimony. As such, Ferstl Valuation Services meets all of the qualifications needed to provide you with a real estate expert witness in Arkansas. The following article addresses the qualifications needed to be a real estate expert witness.
What Does an Expert Witness Do?
An expert witness is an individual with experience in a particular industry. The main function of an expert witness is to express an independent expert opinion based on the information that is provided. If you hire a real estate expert witness in Arkansas, it is important to know what an expert can and cannot do for you in court. A real estate expert witness provides an independent opinion of the case; because of this, the witness is expected to be impartial and loyal only to the court in an effort to help solve the real estate dispute.
Your Expert Witness Should Know the Law
Knowing local, state, and federal laws that are applicable to your specific property issue is a must for a real estate expert witness. There are laws that affect your property taxes, real estate prospecting and promotion, the appraisal process, and so much more. Having someone with experience in real estate law provide testimony in court can have a significant impact on your real estate case.
Your Expert Witness Should Have Vast Experience in Real Estate
At Ferstl Valuation Services, our 50 years of experience has provided us with extensive knowledge of the real estate industry, making it easier for us to help our clients in complex property litigation situations as qualified real estate expert witnesses. With experience comes knowledge of many things, including industry standards. Also, real estate laws and standards are ever-changing, and professionals in the industry have to stay abreast of those changes. In real estate, it is easy to know something for a fact today, only to have it change tomorrow. Knowing the ins and outs of the real estate industry is a huge advantage in legal situations.
Your Expert Witness Should be Able to Provide Documentation + Statistical Support
A real estate expert witness in Arkansas should be able to provide various types of information, including industry statistics and other forms of documentation that you may not be able to access otherwise. Some of the information may be difficult to decipher without the assistance of an expert, so having a qualified real estate expert witness will give you insight and explanations that may be helpful to your case. Some examples of report analyses that a real estate expert witness may be able to help you obtain and understand are the following:
- Feasibility analyses
- Investment analyses
- Market studies
- Reviews of appraisals
- Insurance valuations
Having this type of evidentiary support makes having a real estate expert witness in Arkansas invaluable.
A Qualified Real Estate Expert Witness Should Add to Your Credibility
One reason why real estate expert witnesses are so invaluable in court is that their presence can lend you more credibility in front of a judge. A real estate expert witness provides you with research, exhibits, and reports that can benefit your case, and the witness can explain this information in a way that is accessible to non-real estate experts in the courtroom. A real estate dispute can be complex, and expert witness testimony may make or break your case in the end.
Why Ferstl Valuation Services Should be Your Real Estate Expert Witness Choice:
Ferstl Valuation Services is vastly qualified to support you in your legal property dispute. Our owners are Arkansas-licensed attorneys with authority in the most technical and complex of real estate matters. Having someone who knows the real estate industry and the laws impacting the industry is an advantage you will be glad to have in your property case. We have experience across the United States, which means we have experience with a wide variety of real estate laws and regulations. Ferstl Valuation Services has assisted with real estate litigation issues throughout Arkansas and in such places as Miami, Florida; Denver, Colorado; and Sioux Falls, South Dakota. Our 50 years of experience is another reason why we are uniquely qualified to provide you with expert testimony. Throughout the years, we have held an exceptional record, acquiring a list of clients and referrals as proof. We have provided property litigation support for many types of cases, including the following:
- Property Issues in Divorce Cases
- Estate Planning
- Real Estate Contract Disputes
- State and Gift Tax Returns
- Property Tax Settlements
- Eminent Domain/Condemnation Assistance
With a wide array of experience and varying case types in our portfolio, Ferstl Valuation Services can serve you well with expert testimony concerning your case. Call us today to discuss the details of your property issue.