PROBLEMS IN ACHIEVING JUST COMPENSATION FROM THE VIEWPOINT OF THE APPRAISER

IN ALL REAL ESTATE APPRAISAL ENDEAVORS, INCLUDING THE CONDEMNATION PROCEEDINGS, THE APPRAISER SHOULD ADHERE TO HIS ROLE AND FUNCTION AS AN EXPERT, SKILLED IN THE ESTIMATION OF VALUE AFFECTING REAL PROPERTY. THE ROLE OF OBJECTIVITY, OF DISPASSIONATE EXPERTISE, MUST NOT BE DISCARDED BECAUSE OF THE PRESSURES AND HEAT OF THE ADVERSARY CONTENTION AT THE TRIAL. IN VALUATION, THE APPRAISER, OR THE EXPERT WITNESS, IS A COMMUNICATOR OF OPINION SUPPORTED BY FACT, SCREENED THROUGH THE STRUCTURE OF LAW AND THE APPRAISAL PROCESS. AFTER INVESTIGATION OF ALL THE MASS OF BASIC DATA AFFECTING THE PROPERTY, THE APPRAISER ANALYZES AND INTERPRETS THOSE FACTOR IN AN ORDERLY, LOGICAL MANNER, BY INCLUSION OF FOUR STUDIES, NAMELY, MARKET DATA OR COMPARATIVE, INCOME, COST, AND MARKET CONDITIONS AND ECONOMIC INFLUENCES WHICH TEND TO ESTABLSH VALUE. /AUTHOR/