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At the time the offer is made to purchase property rights and/or the interests needed in your <br />property, you may obtain your own appraisal and the Department will reimburse you up to <br />$5,000 for the actual, reasonable costs of obtaining an independent appraisal. A licensed <br />State appraiser must perform your appraisal. Your OCTA acquisition agent will provide <br />more information concerningthis reimbursement at the time of the offer. <br />WHAT ADVANTAGE IS THERE IN SELLING YOUR PROPERTY <br />TO THE DEPARTMENT? <br />A purchase of property rights and/or interests in your property by OCTA is handled in the same <br />way as any private sale of property. However, there can be financial advantages in selling <br />to the Department. <br />The Department will pay fair market value for the property rights and/or interests in your <br />property. The Department will also pay for the preparation of all documents, all title and <br />escrow fees, a policy of title insurance, recording fees and such other fees as may be <br />required for the conveyance of title to OCTA. Since this is a direct conveyance of real <br />property from the property owner to OCTA; there are no real estate commissions involved, <br />and the Department will not recognize or pay any such real estate commissions. <br />A private sale will usually cost thousands of dollars in sales expenses. There are no seller's <br />expenses in a purchase by the Department. <br />Additionally, depending on your specific circumstances, you may be eligible for relocation <br />payments and benefits for moving personal property and/or when you move. These benefits <br />are described in supplemental booklets which will be provided to you, should the <br />Department's acquisition actually cause your personal property to be moved and/or you to <br />be displaced from your property. <br />WILL I BE PAID FOR LOSS IN VALUE <br />TO MY REMAINING PROPERTY? <br />When only certain interests (i.e. a Temporary Construction Easement) or apart of your property <br />is needed for a project, every reasonable effort is made to ensure that you do not suffer <br />damages to the remainder of your property. The total payment by OCTA will be for the <br />property or interests in the property OCTA actually purchases, for any loss in market value to <br />your remaining property and temporary damages to the remainder of your property, if any. <br />1185095.1 75D-85 <br />