Expropriation Services
You may not like it, but governments worldwide have the
right to unilaterally initiate the purchase of your real property when it is
required for the completion of a public works project. This governmental right
has many names: compulsory purchase, eminent domain, resumption and
expropriation. If your property lies in the path of road construction, airport
expansion or a public building project, you need to be prepared.
The
process of expropriation varies from one country to another. Globally, the one
aspect that is consistent is the property owner’s right to compensation when
their property is expropriated.
You will want an objective valuation of
your property to ensure that you are compensated appropriately. Adequate
compensation generally involves more than calculating the value of the land and
land improvements. If your site is used for business, you must also consider
relocation costs, forgone profits and altered profit margins
American
Appraisal staff includes real estate and financial valuation specialists, along
with consultants who focus exclusively on the valuation of manufacturing and
process industries. Our combined expertise ensures that your expropriation claim
will be complete, well researched, appropriately documented and
supportable.
If a government body is considering expropriation of your
property, you should be consulting American Appraisal.