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Real Estate Economic Expert Witness

We provide financial expert witness testimony in real estate disputes.

Assessing the value and income potential of the business or building that was involved in a fire or other real estate dispute requires the expert services of a forensic economist. At The Knowles Group, we provide expert real estate witness testimony in both state and federal venues. We have over 30 years of experience and have testified in multiple states across the U.S.

In addition to his qualifications as an expert forensic economist, Eric Knowles has several years of experience and education in the real estate market. This uniquely positions him to offer expert real estate economic witness testimony and advice in depositions, courtrooms, and to his clients. Through his experience, Eric can help refute and diminish the credibility of his counterparts who are testifying as expert witnesses for the other side.

Real Estate Financial Audit

If you’re involved with a real estate property or contract dispute between buyer and seller, a real estate financial audit is a must. A forensic economist can help you not only determine the value of the building, property, or business but can come to a reasonable conclusion regarding economic damage calculations and other business valuations.

In cases where multi-family or other types of buildings suffer fire or construction damage, and the owner is forced to sell, we can help them calculate the financial difference between selling at the wrong time versus selling when the market is much better.

We can also look at condos, apartments, and other rental properties to see how they’re financially performing over time. When working with new clients, we will research and quickly become experts in the buying and selling of residential homes and commercial properties in that particular market in a very short period of time.

Forensic Economist Expert Witness in Real Estate

A forensic economist is a valuable ally when it comes time to determine business valuation or other economic damages. Whether it’s testifying at a deposition or in a court of law, they can help not only determine losses but bolster the argument of the attorneys.

A forensic economist will look at the value of the property before and after the incident. They can also help determine future income potential for multi-family and office buildings.

Types of Real Estate Expert Witnesses We Partner With

There are various types of expert witnesses that work in the real estate field. As a forensic economist, we often work with other types of experts.

Property Management Expert Witness

A property management expert witness will have years or decades of experience in managing properties. They can help with such cases as:

  • Slip, trip, and fall
  • Standard of care
  • Fire safety
  • Landlord/tenant
  • Premises liability
  • Discrimination

Property management expert witnesses are also important in cases that involve hazardous living conditions such as multi-family units that contain mold, lead, asbestos, or fire safety issues.

Fair Housing Expert Witness

An expert on the various state and federal laws that govern fair housing. These laws help protect all persons from unlawful discrimination when it comes time to rent or buy a house or property. They have enough experience to intelligently determine when someone is being discriminated against.

HOA Expert Witness

A homeowner’s association expert witness helps plaintiff and defense attorneys with their expert opinions on the bylaws that govern an HOA. Disputes will often arise between homeowners and HOA board members and can wind up in mediation or court. In addition to understanding and being able to explain complex bylaws and covenants, HOA expert witnesses can also provide insights into:

  • Home repairs
  • Tree issues (line of sight)
  • Plant damage assessments
  • Tree appraisals
  • Boundary and border line disputes

Construction Expert Witnesses

The owners of a building might opt to convert it at some point in time. For example, if the building currently houses multi-family condos, they can be converted into multi-family apartment units.

Sometimes, something will go wrong during the construction, and a dispute will arise between the owners and a third party.

A construction expert witness can help shed light on the construction techniques used in the apartment conversion and explain precisely why something went wrong. They also can take complex construction concepts and simplify them so that a layperson can easily understand.

Engineering Expert Witness

Engineering expert witnesses often work hand-in-hand with construction expert witnesses. They look at the various engineering forces that apply to buildings, houses, and multi-family residences.

They can also determine what caused the structural failure of a building or any number of construction-related engineering issues that might give way to a disagreement or lawsuit.

Real Estate Broker Expert Witness

A real estate broker expert witness provides testimony and advice on issues that pertain to the fiduciary duty, ethics, and liability of a real estate broker. Since real estate can be very complicated, these experts offer in-depth reports concerning real estate broker disclosure requirements and brokerage compliance issues.

Real estate brokers are tasked with finding, introducing, and arranging real estate transactions from buyers and sellers. Sometimes issues will arise, such as broker malpractice or contractual disputes. A real estate broker expert witness is invaluable in helping decipher the complex laws and rules that govern brokers and brokerages.

Does your real estate case need an expert witness testimony?

Forensic Economist Real Estate Expert Witness

If you or your client are involved in a real estate dispute, it’s important to retain the services of a forensic economist right from the start. At The Knowles Group, we’ve been providing our clients with expert real estate forensic economic advice and testimony for well over 30 years.

We can also help refute the arguments and opinions of our counterparts as we are very familiar with many of the experts in various fields and have strategies and counter-strategies that we can use to make our testimony more convincing.

We also have hands-on real estate experience that enables us to quickly get up to speed and understand the unique real estate markets in any given area. Give us a call today at (206) 860-9477 or contact us via our website to learn more about the real estate forensic economist services that we offer.