Find the Help You Need Challenging a Land Appraisal
An incorrect appraisal of your land can have serious consequences on your property taxes and more. An attorney will fight for your best interests and determine whether appraisal malpractice occurred. Attorney Preston Dugas in Ft. Worth, TX, challenges land appraisals by gathering relevant evidence and presenting it to the appropriate parties for review. At Preston Dugas Law Firm, PLLC, we understand the importance of reliable and accurate land appraisals and work with you to get the results you desire.
What Is Land Appraisal Malpractice?
When a land appraiser incorrectly reports data about a piece of property, the appraised value of the land can be negatively affected. Appraisal malpractice may cause a landowner to pay more in taxes than what should be due, or can create a loss of profit when the owner sells the property. Here are some ways a land appraiser can commit malpractice:
- Under- or over-calculating square footage
- Providing an inaccurate description of the condition of the property
- Falling prey to undue influence or persuasion from outside parties
- Omitting important information that may impact the property value in the future, which is common in cases where construction is underway but not yet complete.
Appraisal malpractice can take place when you are selling or buying a home, involved in a commercial real estate transaction, looking at a land purchase, or any other agreement involving real estate and the improvements on the land.
An inaccurate land appraisal can have a devastating financial impact on a property owner. Let us help you fight for a fair valuation.
Why Use a Land Appraiser?
The services provided by a land appraiser are frequently needed in instances of:
- Valuation: When a party to a real estate transaction challenges the value of a piece of property, it is necessary to have an appraisal performed to determine the true value.
- Court ordered: If parties are not able to agree on a value, the court may order that an appraiser be hired to complete a valuation and file a report with the court outlining how much the property is worth.
- Probate: When heirs are dividing up property, it can be beneficial to have a land appraiser provide an estimated value of property so a proper distribution can be made.
Before you hire an appraiser it is advisable to go over your needs with a qualified attorney. Preston Dugas will ensure your property rights are protected, and that others involved in the transaction are not engaged in fraudulent behavior regarding the land. Knowing the property value is a key element to any real estate transaction, and having an attorney coordinate with a qualified appraiser helps safeguard the process.
How To Challenge a Land Appraisal
With a track record of having helped clients recover millions of dollars, Preston Dugas knows what to do to take on your land appraisal challenge. When challenging a land appraisal, it is important to remember to:
- Keep all of your records.
- Compare the value assigned to neighboring and similar properties in the area.
- Check the most recent sales prices for the location.
Most importantly, you should follow the proper procedures to make a challenge. At Preston Dugas Law Firm, PLLC, we know the steps to take and can give you the information you need to decide if you should pursue a claim.
Contact Preston Dugas Law Firm Today
If you have questions about land appraisals, property tax, or other practice area, call Preston Dugas Law Firm, PLLC, at (817) 945-3061 or contact us online today. We offer free initial consultations and from there will develop a plan that meets your needs.
“Preston won my trust. He kept in close contact with me throughout the entire process. He went above and beyond to make sure that I understood everything that was going on. I am so pleased with his work and without a shadow of a doubt, I think he is one awesome attorney. I would refer my family and friends who live in Texas and the surrounding areas to his practice.” Jacqueline S.