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It's Only An Opinion

An Appraiser In Court

Henry J Wise

$38.95   $32.68

Paperback

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English
Old Stone Press
04 June 2019
The abrupt collapse of real estate mortgage values beginning in 2008 lead to a five-year worldwide recession.

This near failure of the banking system substantially increased the public's awareness about the importance of understanding what an appraiser thinks or does.

Written from the point of view of the appraiser and based on real-life experiences, this book shares insights valuable to industry experts as well as the tens of thousands of people who find themselves in court because the value of something is an issue.

Most of author Hank Wise's work has been as an expert witness in civil cases wherein the critical issue to be decided is 'what is it worth?' His clients include the U.S. Department of Justice, states, cities, counties, and many national and regional law firms.

He appraised the Everglades and Big Cypress, tourist attraction caves, wells, mountains, air rights, mineral rights, even when all parties agreed that there were no minerals, as well as the usual panoply of shopping centres, apartments, office buildings and other commercial real estate properties.

It's Only An Opinion: An Appraiser in Court uses interesting and unusual cases to illustrate the appraisal process and the reasoning that makes an appraisal credible.
By:  
Imprint:   Old Stone Press
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 12mm
Weight:   299g
ISBN:   9781938462351
ISBN 10:   1938462351
Pages:   218
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Mr. Wise has a MA degree in Political Science from Emory University, a MS degree in Economics and a Graduate Certificate in Real Estate from Georgia State University. He has been an instructor at the University of North Carolina at Charlotte, The University of West Georgia and Georgia State University. He is designated as a MAI by the Appraisal Institute and a CBA (Certified Business Appraiser) by the Institute of Business Appraisers. He served as President of the Atlanta Chapter of the Appraisal Institute in 2007, and on several regional and national committees. He was admitted as a Counselor of Real Estate in 2004. His articles in professional journals include: Chapter 17 The Appraiser in the Workout Process: What Is Your Property Worth Today, The Real Estate Workout Desk Book; Howard Z. Zuckermen, Ed., Probus Publishing, Chicago, 1992. Journal of Applied Real Estate Research, Vol. 1, No. 1, GSU Press, Valuing Land In The Floodplain Valuation Insights & Perspectives, Vol. 5, No. 2, The Appraisal Institute, The IRS's New Alternative Dispute Resolution Mediation Process. Georgia Eminent Domain Trial Practice, Program Materials 2001-2003; The Business and Real Estate Appraisal From The Point Of View Of A Forensic Appraiser, 1/25/01, The Appraisal Journal, The Appraisal Institute, Chicago: Appraising Interesting Holes In The Ground, Spring, 2009 Valuation Review, October Research, LLC: The Value Of A Messy Business, September 24, 2012, Volume 11, No. 10

Reviews for It's Only An Opinion: An Appraiser In Court

Hank's book is an interesting and educational romp through some of the important real estate appraisal experiences in his long and illustrious career. This book should be required reading, and get continuing education credit for freshman appraisers--both residential and commercial. It is a great proxy for experience in general business and contracting with expert witnesses. Where else could an aspiring expert witness spend a few fun hours and learn about: Important professional associations and designations Intangible assets; statistics and probability Daubert and Khumo tests for expertness in court The nature of Florida wetlands A ton of definitions normally treated in courses Methods of business appraisers 'Across the fence' valuations Collecting one's fee from disgruntled clients New, senior living centers like CCRCs Stories behind prominent Atlanta real estate landmarks Aspects of getting into and retiring from appraisal firms You also will learn colorful new terms of speech such as: 'Even a bass wouldn't get in much trouble if he learned to keep his mouth shut.' 'Growing chickens are machines to transform corn into chicken and fertilizer.' 'It's much more important to be believed than to be right when you are an expert witness.' He offers great advice to prospective litigating clients. My favorite anecdote is the one about Continuing Care Retirement Communities; all appraisers should read this one. Hank is illuminating while teaching in this book and not afraid to help us readers by sharing mistakes anybody could have made and learned from. --James D. Jim Vernor is Chairman Emeritus of Real Estate, Georgia State University, in Atlanta, Georgia, where he served on the full-time faculty from 1974 through 1997. He has a BBA, MBA and PhD all from the University of Wisconsin, with majors in real estate and finance. He holds the MAI and is currently serving a third term as a member of the DeKalb County Georgia Board of Tax Assessors Hank is a master storyteller. He takes the esoteric topic of appraisal and weaves it into an entertaining and informative memoir of his life's work. I couldn't put it down! --Sandra Zayac, public finance attorney Partner at Arnall, Golden & Gregory, LLP Hank and I were to testify in the same case on the behalf of the same client. I was up one day, and Hank was testifying the next day. The cross-examining attorney asked me: 'Why are you getting paid only $150/hour, whereas Mr. Wise, who is testifying tomorrow, gets paid more than twice as much?' I turned to the jury and said: 'You will find out tomorrow!' --Joe Kusmik, independent appraiser


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