Appraisal - Frequently Asked Questions

If FDOT is going to acquire my property, do I need to retain an appraiser and attorney?
The Department has a policy of not making it necessary for a property owner to pursue legal proceedings. The Department makes every effort to acquire rights in real property by negotiation. If you believe that you need assistance in negotiations, or if you wish a second appraisal or legal opinion, the Department will reimburse you for reasonable fees for an attorney of your choice and an appraisal prepared by a State of Florida certified real estate appraiser.

How do I know if the offer to acquire my property is fair?
The Department has policies to encourage and expedite the acquisition of real property by agreement with owners, to avoid litigation, to assure consistent treatment for owners and promote confidence in the Department's land acquisition program. The Department typically retains independent real estate appraisers who must make an in-depth appraisal and analysis of your property and determine the effects of the taking and construction on your remainder property. The Department will make an offer that is not less than the amount of the approved appraisal and will provide you with a written statement of and summary of the basis for the offer. The statement will include an allocation of value for the part taken and report the amount of damages if applicable.

What if the remainder property has little or no use to me?
If the Department determines that the remainder property has little or no value or utility to you, the Department will make an additional offer to acquire the remainder property.

How can I get market value for my property when values are declining because of the new road?
Any increase or decrease in market value of the real property after the date of the resolution to construct the transportation improvement and caused solely by the public improvement will be disregarded in determining the compensation for the property.