Real Estate Damage Economics

Real Estate Damages involves studying the economic impact of detrimental conditions, including issues such as environmental contamination, construction and title defects, legal conditions, geotechnical problems, natural disasters and proximity effects. The economic damages associated with detrimental conditions amount to well over $50 billion annually nationwide. Additional, many frivolous claims allege damage where no legitimate damage has occurred, or that overstate damage impacts.

Our firm, Bell Anderson & Sanders LLC, specializes in real estate damage economics. We utilize advanced valuation methodologies to determine what impact, if any, a detrimental condition might have on property values. Our clients include government agencies; oil, insurance and utility companies; corporations; developers; lenders and property owners. We were retained on Hurricane Katrina, the Bikini Atoll Nuclear Test Sites, the World Trade Center and Flight 93 Crash Site, the largest climate, environmental and terrorist cases in the history of the world.

Real Estate Damages: Applied Economics and Detrimental Conditions

Most appraisers will be asked to appraise property subject to detrimental conditions at some point in their careers. The unique problems that arise in these complex valuation situations can be addressed by applying fundamental economic principles and innovative valuation techniques. A comprehensive and valuable resource for all real estate professionals, Real Estate Damages: Applied Economics and Detrimental Conditions, second edition, provides a straightforward approach to solving these complex valuation problems.

Second Edition
Randall Bell, PhD, MAI, with contributing authors Orell C. Anderson, MAI,
and Michael V. Sanders, MAI, SRA
Appraisal Institute