Owner can Testify as to the Value of His Property

There are disputes that concern the valuation of an owner’s real property. Oftentimes, an appraiser or even a real estate broker is utilized for this purpose. But, this doesn’t have to be the case. An owner of the property can render opinions as to the valuation of his property despite not being an appraiser or real estate broker. An owner's testimony about the valuation of the property based on his familiarity and use (or intended use) of the property, along with the characteristics of the property, add an aura of authenticity. This is an important consideration when the valuation of...