The
Company:
Appraisal Analysts, Inc. is a unique company
offering expert appraisal services and expert testimony in the following areas:
Stigma Loss, Soil Subsidence, Construction Defects, Easements-rights of way,
Eminent Domain, Partial Interests, Environmentally Sensitive Land and much
more. With over 200 years of combined appraisal experience we are prepared to
tackle any type of appraisal assignment. The scope of our services reaches far
beyond Southern California. Our consultation department will meet your needs at
regional and national levels.
Lee R. Hess, president of Appraisal
Analysts, has written 7 books and 35 articles for Real Estate, Appraisal and
Legal journals pertaining to Stigma Loss, Diminution in Value, and other topics
(Copies are available via fax or regular mail.
Our Team:
Our
experienced appraisal team members are located throughout Southern California
and have worked on appraisal cases in many Western States. Our team is
comprised of Certified General Appraisers, MAI's, SRA's, Certified Residential
Appraisers, and Consultants. Their backgrounds include Real Estate Brokerage,
General Building Contracting, Appraisal Instruction, and Regional Appraisal
Managers.
Our expert witnesses have testified for
numerous cases throughout Southern California. In over 50% of the cases we work
on, we are two experts in one, providing Broker Standards of Care as well as
appraisal testimony. We have extensive experience appraising coastline
properties, ridge tops, EMF stigma, and other challenging jobs. Whether it's
construction defects, condemnation work-cracked slabs or soil subsidence-our
appraised values stand up under the severest
scrutiny.
Unique
Challenges for a Unique Company:
Working with unusual appraisals and special circumstances
is routine for us. (For a list of Types of Properties
we appraise , click on bold portion) Although we do perform many SFR,
Commercial, and Industrial appraisals, we thrive on the challenge of more
complicated scenarios. Some appraisal highlights are listed below:
The Landslide: One
wet year, torrential rains hit the Southern California coast with a vengeance.
Homes became buried in mud and water. As the cliffs destabilized, houses slid
down banks endangering other homes. The Laguna Hills homes slid directly into
the condos below wiping them out. It was a homeowner's disaster and we were
there to appraise the damage. Our values were used as the basis for the
settlement. The plaintiffs were able to recover the full value of their
properties.
Bad
Plumbing: Polybutylene plumbing affected 25,000 homeowners in this
class action suit. We were able to prove stigma loss even after houses had been
re-plumbed with Copper piping.
Land Matters: California is home to numerous green
golf courses, resorts and the good life. In Palm Dessert, we were asked to
assess the diminution in value due to alleged soil and construction issues of
over 1,200 homes. We were able to conclude that the market did not recognize
the alleged problems and found no diminution in
value.
Water
Everywhere: When storm sewers repeatedly backed up, the jury awarded
12%stigma damages in this water intrusion case. |
