The Expert Blog
Jason D Koontz, CRC Opinions for All
An expert witness is an individual who possesses the specialized skills & knowledge about a topic or has sufficient experience to testify in court about what they believe has occurred.
Expert witnesses can be instrumental in legal matters and hearings. Plaintiffs and defendants are often encouraged to hire expert witnesses for their cases for a more thorough and comprehensive examination of available data.
How Are Expert Witnesses Different from Regular Witnesses?
Their specialized skills are what set them apart from regular witnesses. Unlike the latter, expert witnesses do not rely on what they have personally seen, heard, or felt when presenting their testimony. They are usually completely removed from the case and have no personal connection to it. Their testimony is solely based on their training, knowledge, and experience in their field of expertise, which allows them to draw conclusions and give professional opinions about the case.
An expert witness studies the case and takes in all of the available information. They analyze it and using their training, experience, and knowledge, provide their opinions, which could take place in a deposition or court.
What Is the Role of an Expert Witness?
As mentioned above, expert witnesses are not usually emotionally involved in the case and are independent forces.They are unbiased witnesses who do not let their emotions or personal bias get in the way of their opinions and conclusions. Their testimonies are free of prejudices and based solely on concrete facts and critical evaluation. As a result, expert witnesses are viewed as reliable and objective during a case.
It is important to note that expert witnesses are not advocates for their clients. Their opinions are their own, unaffected by any external forces or influences. Their conclusions are supported by their training, education, experience, and industry standards.
Why Should You Hire an Expert Witness for Your Case?
If you are dealing with a real estate case or a banking case, having an expert witness to educate you on the industry standards and practices can help tremendously. Their knowledge and experience can make all of the difference in a case. They can explain practices, relevant theories,and concepts to the judge and the jury in a way to help educate the court.
An expert witness will also be able to pick up on any inconsistent findings, inaccurate details, or improper methodologies in the opposing party’s reports.
In need of a banking or real estate expert witness?Contact Jason D Koontz today for his independent expert witness consulting services in Fort Worth!
Real estate feuds are all too common in the US. They may arise due to poor planning, breach of contract, and often need to be resolved in court. For this, you may need an expert real estate witness.
What are a few things to look out for when hiring an expert witness for your case? Let’s take a look.
Knowledge of the local market
Each neighborhood can have its own set of zoning laws and regulations covering residential and commercial properties. When hiring an expert witness for your case, you need to make sure that they are knowledgeable about the local rules and regulations relevant to your case.
Let’s say that the expert witness you’re interested in lives and worksin Dallas. Your matter, however, is based in Chicago, and you need appraisal expert services in your city. In this case, it’s imperative that your expert witness is knowledgeable of the Chicago, Illinoismarket
Unless the expert witness has competency in the subject’s market, they will be opening themselves up to criticism or even removed from the case as an expert. For their testimony to be credible, they should be competent in the subject’s market.
Experience in Real Estate
Experience is yet another quality you should look out for. The more experienced an expert witness is, the more credible their testimonywill be. An appraised with years of experience should have a greater knowledge of industry trends and standards. Consequently, they’d be able to present a more credible opinion.
Experience doesn’t only include the number of years an expert witness has under their belt, however. It encompasses the number of years they’ve spent working in a specialized field. In this case, it refers to the experience they have working in real estate.
Ability to Provide Relevant Documentation & Statistical Support
Finally, a real estate expert witness should be able to back up their conclusions and opinions with a credible report. A qualified expert witness will have no trouble presenting documentation that supports their claims, and may even be able to obtain information that you may not have access to. Their insights and explanations will be based on these documents.
They must also possess the ability to read and analyze complex texts presented in court by the opposing party. Property valuations, appraisal reviews, and investment analyses are just a few things an expert witness should be able to decipher and discuss.
Need a real estate expert witness for your case in West Virginia? Contact Jason D Koontz today for his independent expert witness consulting services. If you need a USPAP compliance review, he offers those services across the nation, including Dallas, Fort Worth, Chicago, New York, and Philadelphia! Also, as a former banker, he can offer banking expert witness services.
Approximately forty percent of marriages in the United States end in divorce. The divorce rate is attributed to several reasons and often results in complicated legal disputes.
How can a real estate expert witness be of help during a divorce? Here’s why you should hire one during the proceedings.
Divorces Can Be Messy
Let us be honest; divorces can be messy and stressful. As much as you may want to have an amicable divorce, sometimes this isn’t possible. If both sides are unable to reach an agreement, they may end up with unusual settlements.
If you think there is a chance of your divorce proceedings being unpleasant and real estate is involved, it’s best to hire a real estate expert witness early in the process.An unbiased opinion regarding the real estate value is one less thing to argue about when splitting assets. Even seemingly amicable divorces can take a turn for the worse when topics,such as the value of the real estate,are discussed. It is better to have a real estate expert witness involvedbefore things get sour, rather than look for one afterward.
They Provide Unbiased Representation
Real estate expert witnesses provide neutral, objective, and unbiased representation. Experts are not emotionally connected to your case, and thus, have no prior biases. An impartial opinion helps your case because their testimony is based on the market, available data, and their training and, not their relationship with you.
Need a real estate expert witness for your divorce proceedings in West Virginia? Get in touch with Jason D Koontz today for his independent expert witness consulting services. He also offers banking expert witness services as well.
Jason D Koontz