How To Get What You Deserve With Just Compensation
When the government or others come for your property with the power of eminent domain, what matters most is making sure that you are getting the just compensation that you deserve. A common strategy they use is to rush you to sign an agreement for a smaller payment than you deserve so you don’t lose other rights. Sometimes you are given arbitrary deadlines or bonuses that have a deadline. You might feel pressured into signing, but you need to resist that temptation. We at Showalter Colgin & Davis, PLLC have been seeking just compensation for the citizens of Texas for over 40 years.
What To Look For In Your Compensation
The payment that the condemning entity offers may overlook a lot of factors in your payment. For example, if the government is targeting farm land, a business or another income-producing property, it needs to consider the value of the property from an income approach. A property can lose value if the project obstructs the business, parking or even the view of the building as well. For agricultural properties, the payment might not factor the highest value of the land, which might be worth more in a commercial use, rather than the current one.
Another method used to deprive you of just compensation is to not apply the separate economic unit concept for valuation. It is unfair to the landowner to value a large parcel without considering the higher value of dividing it into smaller parcels or placing a higher value on frontage.
Our lawyers can help you from beginning to end with the compensation process. If you need to be sure that you are getting a fair payment, we will be at your side.
Do Not Leave Money On The Table
We know that it can be intimidating to take on the government or powerful corporations, especially when they are coming after your land. If you are facing eminent domain, the best thing you can do is to get an attorney. Our lawyers know what to expect when taking on an eminent domain claim. We serve Texas residents across the state, with offices in Richmond and Fredericksburg areas. Contact us today at 888-627-4042 to begin defending your rights.