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The goal of a real estate valuation is to pinpoint the price and value of a property. The two main reasons behind obtaining a commercial real estate appraisal are buying and selling commercial property and legal governance. In addition, there are four main methods for calculating a commercial real estate valuation.
Legally speaking, a special purpose property definition can be illustrated as any property that has limited use or marketability in addition to features intended for singular use. Research the specialty property appraisals of those sales and adjust to current dollar values. What Is It Anyway? A Special Purpose Property Definition.
Follow this step-by-step guide to get the bestvalue for your land and attract the right buyers! Determine the Highest and Best Use (HBU) The first step is to identify the land's Highest and Best Use (HBU). Legally Permissible: Ensure zoning regulations allow the intended use.
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