How is the property appraised?
Appraisers generally use three methods of appraisal to estimate the value of real estate: the market approach, the cost approach and the income approach. Appraisers also determine, during partial takings by the condemning authority, the extent (if any) of damages to the remaining property. Often the greatest element of compensation is not for the property taken, but for damages to the remainder. This is particularly true where the condemning authority is only acquiring an easement such as the one proposed. It is important that you retain an appraiser who understands the concept of damage to the remainder and will include this damage in his or her appraisal.
View our record of winning eminent domain cases in Arkansas.
KNOW YOUR RIGHTS
Find more information related to eminent domain law in Arkansas.