Expert witness testimony is a subset of litigation support services. The expert witness’ primary responsibility is to develop and support a credible opinion of value. The standard of care for expert witness assignments is written to appropriate standards for courtroom use. Both opposing counsel and the expert witness representing the other party will likely carefully review and scrutinize the expert’s underlying data, analysis and final report. (more…)
Posts Tagged ‘appraising’
Expert Witness Testimony for Real Estate
Tuesday, November 3rd, 2009Assessment Evaluation of Restaurants
Tuesday, October 6th, 2009Many restaurant owners have been shocked to learn that they are unable to sell or lease their restaurant property for an amount equal to its tax assessment value. The market value of a recently built restaurant is usually less than its construction cost. When an owner attempts to set a sale price or lease rate, he is unable to recoup his costs. Excess property taxes result from improper use of the cost approach to market value. (more…)