This case involves a chemical plant that released thousands of pounds of hazardous pollutants after it was flooded during a heavy rainstorm. The plant was located within the vicinity of a residential community and the spill significantly contaminated the water sources and soil. An expert in real estate appraisal was sought to survey the properties and determine how much this contamination affected the property values.
Question(s) For Expert Witness
- 1. Please describe your background in real estate appraisals.
- 2. Are you able to determine how this contamination affected property values in the area? Please explain.
Expert Witness Response E-151256
I am a Society for Risk Analysis (SRA) designated member of the Appraisal Institute with 19 years of full-time residential valuation and consulting experience. I have the research skills, data sources, training and experience to perform appraisals with residential properties (1-4 unit properties and residential markets). I regularly work in areas with potential influence from nuclear power plants, soil contamination, high tension power lines, tornado/ disaster areas, etc. I regularly provide retroactive, current, and proactive opinions of value as well as detailed, multi-page narratives with supporting tables and charts for forensic use.