How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask KJL LAW Your Own Question
KJL LAW, Arbitrator
Category: Real Estate Law
Satisfied Customers: 1359
Experience:  Attorney at Law Office of KJLLAW
Type Your Real Estate Law Question Here...
KJL LAW is online now
A new question is answered every 9 seconds

What is the law when a city is offering to purchase private

Customer Question

What is the law when a city is offering to purchase private property as far as the # ***** appraisals needed, does it matter who gets the appraisals and the limit they can pay based on the appraisals? We were offered an amount based on their appraisal, we got our own appraisal and now they are saying they can't pay more than their appraisal.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  KJL LAW replied 1 year ago.
Good afternoon. The city purchase of property would be governed by the contract. If you signed a contract then, the terms including who obtains and pays for the appraisal should be in the contract. The appraisal is an estimate, based upon the real estate appraisers opinion. If you did not sign a contract there is nothing in the law that you have to go by their appraisal. If it is not contracted, then it is a negotiable clause and issue. You should push the issue, and have them come up in the price they are willing to pay for the property.I hope this helps.