Chapter 12 Highest And Best Use Analysis Flashcards Preview

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Flashcards in Chapter 12 Highest And Best Use Analysis Deck (3)
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What does the highest and best use identify?

It identifies the most probable, competative use of the property
-all valuations are based on use

1

habu is the ___________ on which ________ value rests

Foundation, and market

2

Fundamental of highest and best use definitions

The reasonably probable and legal use of vacant land or an improved property that is phisically possible, appropriately supported and financially feasible and results in highest value.