The eminent domain market is a topic of significant importance today. Infrastructure development initiatives have surged, driving the demand for eminent domain proceedings nationwide. Evolving legal standards have made these cases more complex, leading to intricate litigation processes.
At the same time, technology has revolutionized the appraisal process, empowering appraisers with advanced software, data analytics, and GIS tools for comprehensive property analysis. With properties at stake, ensuring fair compensation is crucial, and appraisers rely on their expertise and technology to determine accurate valuations. Looking ahead, technological advancements hold promise for further streamlining the appraisal process in eminent domain cases.
Join us for “How to Specialize in Eminent Domain” tomorrow as we delve into how technological advancements are transforming the appraisal process for eminent domain cases.
During this webinar, listeners will learn about:
- What does valuation entail for Eminent Domain purposes?
- Why are Eminent Domain appraisals crucial?
- What are the distinctive challenges involved?
- What are the repercussions of recent legislation?
- How is the federal government addressing this and handling litigation?
- How can one pursue specialization in this field?
Plus, check out this exclusive interview, in which Appraisal Buzz talked with webinar host Eric Schneider, MAI, SRA, AI-GRS, R/W-AC.
Appraisal Buzz: What is your background in the industry?
Eric Schneider: I am a Senior Appraiser with Jones, Roach, & Caringella, Inc., a real estate valuation and consulting firm that specializes in litigation support throughout the United States. I have extensive experience in appraisal and appraisal review for right of way and eminent domain matters. My clients include government agencies, law firms, corporations, and private clients.
Appraisal Buzz: Why are valuations for right of way and eminent domain purposes such an important topic today?
Eric Schneider: The acquisition of property has gained immense importance due to a surge in infrastructure development initiatives, leading to a higher demand for valuation expertise nationwide. With the number of appraisers declining each year (particularly those with right-of-way appraisal experience), there is a need for valuation services from competent appraisers who can assist both public agencies and property owners in determining the fair market value of rights to be acquired.
Appraisal Buzz: What are the most common issues with appraisals for right-of-way acquisitions?
Eric Schneider: At times, the property rights to be acquired can be relatively small compared to the entire property. However, such an acquisition can have a major impact of the use of the remainder. The valuation process is also guided by certain rules and case law that are not applicable to most lending assignments. This type of work requires a deep understanding of procedures and law to perform assignments competently.
Appraisal Buzz: Why should appraisers attend this webinar?
Eric Schneider: Given the demand for appraisal services in this space, appraisers should attend this webinar to get an introduction to how this type of work is performed and how one gets assignments. With the slowdown in lending assignments, this is an opportunity to gain new skills and increase one’s ability to perform non-lender assignments.