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Condemnation appraisals differ in many ways from typical market value assignments. In condemnation appraisals, appraisers often cannot consider the best comparable sales (if they were purchased by the condemning authority) and comparable sales impacted by condemnation. In addition, to the condemnation appraisal, the values of the “part taken” and “damages to the remainder” must both be calculated. Further, since a condemnation appraisal may be scrutinized during a judicial proceeding (see expert witness testimony) a higher standard of care is required in researching and preparing the appraisal.
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