Zoe
Elite Member
- Joined
- Sep 15, 2020
- Professional Status
- Certified General Appraiser
- State
- Tennessee
Your appraisal had an effective date. It should stand on it's own.Happy New Year All!
An attorney called me yesterday to find out if I was willing to be 'an expert witness' in a case involving a home I appraised in May 2023. The owners are trying to evict the tenants, apparently for non-payment of rent. The tenants are claiming the rent is too high. The owners used the rent estimate I provided on the report. It's unclear to me why exactly this may go to trial, IMO non-payment is non-payment and if the tenants agreed to the rent initially it seems like an invalid argument. At any rate, the attorney was planning on having me testify remotely, if necessary, as to my appraisal process. Does anyone see a reason why I should not agree to this? My rental comps support the rent, and there were a couple others I did not use that also support it, so I don't think my estimate would cause any issue for me. Thoughts? What is a typical fee for expert witness?
I would say typical is $150 hour. But just to engage would be up to you.
Take a lawyer for example.
They generally want something up front just to take the case.
It depends with lawyers too.
Some lawyers work on contingency basis. They take the case for free. They
get paid on back end or believe they will.
If you have to move effective date on market rent estimate?
Charge by the hour. $
Take a week to complete. LOL
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