What is a Counter-Offer?

Posted about 2 years ago. Applies to Arizona, 2 helpful votes

Email

If you have been faced with eminent domain and the government has proposed a monetary offer for a property in your ownership, it is crucial that you precisely evaluate their offer before accepting it. If the offer seems even slightly less than you would have expected, making a counter-offer is something to seriously consider. In most cases, property owners will receive greater compensation after filing a claim against the condemning agency’s offer in an eminent domain proceeding. Keep in mind: appraisers often differ in their opinions of a property’s value by thousands or tens of thousands of dollars, so hiring a professional appraiser, such as an eminent domain attorney, is essential to your case.

Applying to the court for an order to increase the amount of the deposit is easier than you might think and will most likely yield you with a much higher cash amount for your property. An experienced Arizona eminent domain attorney can help you draft your claim by considering your property’s true value while comparing it to how much your property may be worth to the government.

Additional Resources

Making a Counter-Offer if Faced with Eminent Domain

Rate this guide

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

28,273 answers this week

3,042 attorneys answering