The firm may provide specialized appraisal services with detailed analysis or a limited written communication. However, the majority of reports produced are complete appraisals, with all reports conforming to the Uniform Standards of Professional Appraisal Practice. In assignments relating to special purpose properties and difficult decisions, a number of alternative issues are explored. In many cases, sensitivity analysis is used to provide a clear insight to the financial implications and the impact on a final value judgment.
Counseling Services
The appraisal process may be carried one step further by exploring strategies to achieve specific client objectives. This generally requires a more detailed market analysis of economic feasibility to measure against projected goals.
Specialized appraisal services relate to the client's individual needs or investment objectives and include arbitration, specialized marketing, financing and feasibility studies as well as analyses, opinions and conclusions given in connection with activities such as real estate counseling and real estate tax counseling or potential damage assessment in litigation matters.
Litigation Services / Expert Witness
The Gerald A. Teel Company has provided real estate consultation and valuation services to most of the major law firms and governmental agencies throughout the state of Texas. This has included testimony in bankruptcy courts in Texas, California, Utah, Illinois, New York and Tennessee. In addition, the firm has provided valuation services and expert testimony in state district court and in all levels of eminent domain cases from commissioners hearings, at the county level, to jury trials in the county civil court system. The firm has represented both condemnation authorities and property owners, plaintiffs and defendants, debtors and creditors.
Feasibility Studies
Assistance can be provided in determining a project's economic potential through feasibility studies such as:
- Development Period Cash Flow
- Stabilized Income and Expense Analysis
- Financing Alternatives
- Internal Rate of Return
- Highest and Best Use
- Market Analysis
- Economic Base Study
