Real Estate Valuation Services

Valuation of eminent domain and condemnation projects is a subject to multiple jurisdictional overlays requiring a unique skillset and above-average due diligence to value a range of permanent easements, temporary easements, fee acquisitions, and indirect and consequential damages.

Our experts have performed hundreds of appraisals, held several term contracts with government agencies, and testified as expert witnesses in litigation on behalf of government agencies involved in condemnation and just compensation valuation disputes.

Estate planning and gifting of real property requires the development of a “Qualified Appraisal” by a “Qualified Appraiser” (26 CFR § 1.170A-17) to properly support the values. Under turbulent economic conditions, an important consideration is the potential use of an “alternate valuation” (26 U.S. Code § 2032) which allows for valuation within a 6-month window. This may be beneficial where economic conditions are negative and there is a likelihood that real estate valuations could decline, such as in the event of a recession.

Withum provides comprehensive solutions for allocation of real property, machinery and equipment, and business value, intangible, and goodwill allocation for all intended uses including: fresh start accounting, purchase price allocation, impairment testing, business combination vs. asset acquisition determination, audit assist review, and more.

Our real estate valuation team has performed and supervised real estate appraisal, property valuation and review assignments for lenders in more than 40 states on all common property types as well as a variety of specialty products, such us data centers, student housing, self-storage, and mining operations. Whether you need a single-asset valuation or a comprehensive review of a portfolio of distressed assets, we will customize a solution to your needs.

With rising federal funds rates, rising interest rates, and declining transaction volume, commercial real estate markets are readjusting to changing economic conditions with most asset classes showing falling values. Whether you need quarterly asset valuations, review of existing asset valuations, or a comprehensive review of the strengths, weaknesses, and risks associated with a portfolio of distressed or underwater assets, Withum’s valuation experts can customize solutions to fit any valuation need.

Recent editions of the IRS “Dirty Dozen”, representing “the worst of the worst tax scams” have identified a number of issues relating to charitable contributions and income tax deductions for such including unsupported values, particularly for syndicated conservation easements, and “using fake charities to exploit taxpayers.”

Reporting a non-cash charitable contribution of real property requires the development of a “Qualified Appraisal” by a “Qualified Appraiser” (26 CFR § 1.170A-17) to properly support the value of the contribution. Additional due diligence is necessary to verify that the charity is a qualified receiver of such contributions.

Whether you need a valuation consulting expert or testifying expert, our team has extensive experience providing real estate and property appraisal, review, and consulting for numerous types of negotiation, arbitration, and litigation types, including as court-appointed experts.

A sample of litigation support provided includes for title insurance, partnership disputes, divorces and estate disputes, tax certiorari, bankruptcy and deficiency hearings, non-cash charitable contribution and conservation easement challenges, eminent domain and condemnation, and a class action lawsuit involving environmental contamination.