EDS Rebuttal Appraisal Services is a second appraisal conducted in response to a prior appraisal believed to be inaccurate or incomplete. It is typically used in legal or dispute resolution situations, such as in eminent domain cases, real estate litigation, or insurance claims.
EDS Rebuttal Appraisal experts are highly-trained—highly-skilled—highly-credentialed discipline-specific and multidisciplinary review appraisers with decades of experience who master the facts and are able to present clear, objective and compelling findings to judges and juries.
EDS pioneered the appraisal review profession—the cornerstone of Rebuttal Appraisals—and directed the development, writing, and implementation of the appraisal review Principles of Valuation and best practices taught to and in use today by professional valuers, legal experts, and government agencies throughout the world. Our appraisal review services have allowed our clients to prevail in billions of dollars at issue, and our appraisal reviews have been cited by U.S. regulators as “The measure by which all review appraisals should be judged”.
We hold the only Royal Institution of Chartered Surveyors (RICS) Expert Witness Accreditation Service (EWAS) and Dispute Resolution Service (DRS) Certifications in the United States and all of the Americas—one of only a handful of such Appraisal Expert Witness and Dispute Resolution Certifications in the world.
The purpose of a rebuttal appraisal is to provide an independent and unbiased opinion on the value of the property in question and to refute any errors or omissions in the prior appraisal. The appraiser who conducts the rebuttal appraisal will typically use the same methods and standards as the original appraiser, but will also consider any additional information or evidence that has come to light since the original appraisal was completed.
The appraiser who conducts the rebuttal appraisal will typically be required to have the same qualifications and certifications as the original appraiser. They will also be required to use the same type of appraisal form and to follow the same guidelines and standards as the original appraiser.
Rebuttal appraisal is conducted by an expert appraiser, who is independent from the parties involved in the dispute, and will provide an unbiased opinion. The goal of the rebuttal appraisal is to provide a fair and accurate estimate of the property’s value and will be used as evidence in a court of law or in other legal proceedings.
Our discipline-specific and multidisciplinary Rebuttal Appraisers are internationally accredited ASA/MAI/RICS and USPAP/IVS (RICS Red Book) appraisal instructors—all well-published luminaries in the global valuation community. They include Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS) and RICS ‘Red Book’ instructors, Value Adjustment Board (VAB) Magistrates, and former state and federal appraisal regulatory compliance officers.
We provide Rebuttal Appraisals in all disciplines of appraisal, i.e., Real Property, Business Valuation, Intellectual Property, Personal Property, and Machinery and Technical Services to clients throughout the world. EDS specializes in providing Rebuttal Appraisal Expert-Witness testimony and litigation-support services to attorneys and law firms and appraisal-related Alternative Dispute Resolution (ADR) services as Appraisal Umpire, Arbitrator, Mediator, and Referee.
Our Rebuttal Appraisals analyze, evaluate and report matters pertinent to the subject appraisal’s: (1) Completeness of the material under review, (2) Adequacy and relevance of the data, including the propriety of adjustments (if any) to the data, (3) Appropriateness of the appraisal methods and techniques used, (4) Whether the analyses, opinions, and conclusions are appropriate and reasonable, i.e., credible, (5) conformity with applicable appraisal development and reporting standards required of the Uniform Standards of Professional Appraisal Practice (USPAP) / International Valuations Standards (IVS) / RICS Red Book, and Basel Accords, (6) the professional qualifications and licensing requirements of the reporting appraiser(s), (7) compliance with applicable state and federal-U.S. Regulatory 75 FR 77450 Interagency Appraisal and Evaluation Guidelines, (8) compliance with any and all other applicable standards, guidelines, rules, and regulations that apply as of the Effective Date of the subject appraisal under review.
EDS Rebuttal Appraisals are independent and objective and render credible findings that will withstand challenges and scrutiny from peer reviews, regulatory, judicial, and taxing authorities.
Our Valuation and Advisory Services Group is headed by Executive Managing Director Steven N. Siegler, ASA, FRICS. Mr. Siegler is an Accredited Senior Appraiser (ASA) and was honored to serve as the founding International Chairman of Appraisal Review and Management (ARM) for the American Society of Appraisers from 2002-2011. Mr. Siegler co-authored and directed the development and implementation of the ASA’s Appraisal Review and Management Principles of Valuations series of courses and best practices that are now taught to professional valuers, government officials, legal experts, and many others throughout the world.
When, as part of Dodd-Frank, the Federal Deposit Insurance Corporation (FDIC) acting for and on behalf of the U.S. Federal Reserve and all inter-agency regulators sought the expertise to develop, implement and monitor the new National Appraisal Ordering and Appraisal Review Protocols for the United States and all U.S. territories, it came to Mr. Siegler and EDS.
Mr. Siegler holds international valuation accreditation as Fellow, Royal Institution of Chartered Surveyors (FRICS), and he is the only RICS accredited expert witness in the United States and the Americas—one of only a handful of such expert witnesses in the world holding the much-coveted RICS Expert Witness Accreditation Service (EWAS) Certification.
Mr. Siegler holds TS Clearance with the U.S. Government and he is uniquely qualified to practice before U.S. Government agencies in national security-related valuation and in other special matters.
Steven is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized valuation expert witness testimony luminaries. He has served as an expert witness valuer in U.S. state and federal courts, at international tribunals, and in valuation-related Alternative Dispute Resolution and he has personally prevailed in billions-of-dollars at issue in some of the world’s most important—high-profile—and valuable valuation-related cases.
Engaging the correct Rebuttal Appraisal Expert Witness is critical. EDS’ unparalleled level of appraisal expert witness expertise is recognized and appreciated in boardrooms and courtrooms throughout the world.
We would welcome the opportunity to bring this level of Rebuttal Appraisal expertise to you.