Summary of Understanding the BANGL Pipeline Final Offer and Appraisal
Hi there, it’s Philip Hundl. I wanted to take this opportunity to provide an important update for all the landowners affected by the BANGL Pipeline project. I know we’ve discussed this before, but I believe it’s crucial to have a clear understanding of the initial offier, the final offer and the appraisal in the condemnation process. So, let’s dive into it!
Most of you landowners have already received the initial offers for the BANGL Pipeline project. I want to emphasize that the term “final offer” is somewhat misleading because it’s just part of the overall process. To help you grasp the different stages, I have created a PDF on my blog that outlines the condemnation timeline and steps. It will give you an overview of where we currently stand in the process.
Understanding the Final Offer Packet
Now, let’s talk about the final offer packet, which is an important milestone between the initial offer and the final negotiation stage. In this packet, you will find an appraisal, which is conducted by an independent appraisal company hired by the condemnor. It’s essential to note that the final offer amount presented to you as a landowner may fall into one of three categories.
The final offer may be exactly the same as the initial offer. Alternatively, it could be slightly more or, in some cases, less than the initial offer. I want to assure you that it’s quite common for the final offer to be around the same as the initial offer. However, in the same final offer packet, you will notice another value that is significantly lower. This figure represents the valuation determined by the appraiser hired by the condemnor.
The intent behind including this lower value in the final offer packet often leads to confusion and raises questions. Landowners have reached out to inform me about their confusion, mistakenly believing that the offers have been reduced. I want you to be aware of this tactic employed by condemnors and urge you to pay close attention to it.
Navigate the Eminent Domain Process with Professional Help
To navigate this complex process as a landowner, I strongly recommend seeking guidance from an attorney who specialize in eminent domain and condemnation cases. He or she can provide valuable insights and help you understand the appraisal, the initial offer letter, the final offer packet, and their implications. Consulting with an experienced eminent domain attorney is essential to ensure you are well-informed and protected throughout this process.
I hope that addressing some of the potential confusion in advance will help ease your concerns. When you receive that final offer letter, you may come across various numbers that could lead you to believe that the offer has been reduced. However, please understand that in most cases, this is not true. The condemnor’s motive is not to reduce the offer but to present an alternative valuation.
In conclusion, I want to wish you the best of luck with your negotiations. It’s crucial for you, as a landowner, to familiarize yourself with the process, understand your rights, and be aware of the condemnor’s obligations in these condemnation proceedings. By doing so, you can confidently navigate this challenging situation.
Remember, if you have any questions or concerns, don’t hesitate to reach out to my office for further clarification. Stay informed, stay empowered!
Call 800-266-4870 or text 979-320-9320 for an appointment. We can also arrange for online and telephone appointments all over Texas.