Unless you’re being directly affected, it can be easy to forget that one of the biggest things happening in eminent domain law is happening right now in Guilford County. I’m referring to the proposed 311 bypass and the homeowners that are going to be facing a variety of outcomes due to its construction.
Those who own property along the proposed 311 bypass are in a tricky situation. While some homeowners will have their properties purchased by the government, the government is not required to buy all of the homes in the area.
What’s more, once the 311 bypass is built, homeowners whose property is not purchased will likely see a property value decrease. These homeowners are struggling to find out what their rights are and what they can do to defend themselves against this loss in value.
Even if you’re not directly affected by the 311 bypass, it’s still important to know your rights when it comes to eminent domain. With as much construction as we’re seeing in North Carolina right now, it’s important that you know what the state can and can’t do when it comes to purchasing your land.
You’re entitled to the fair market value of your property at the time it was taken. So it’s important to do your research to find out exactly what your home is worth. It’s a good idea to hire an appraiser who can give you an expert opinion. Remember, you don’t have to accept the price that is offered to you.
