Monthly Archives: April 2013

Highest and Best Use of a Property

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Analysis of the highest and best use of land as though vacant and as improved is essential in the valuation process. This process allows the appraiser to interpret the market forces affecting the subject property, and specifically identifies the optimal use as well as the most likely purchaser or user of the property. In orderAnalysis of the highest and best use of land as though vacant and as improved is essential in the valuation process. This process allows the appraiser to interpret the market forces affecting the subject property, and specifically identifies the optimal use as well as the most likely purchaser or user of the property. In order to complete the analysis, the appraiser must effectively develop a