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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. Order doesnt matter for the first two tests, but its essential for the last two.

Legal 221
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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time.

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Red Flags Related to a Title on a Home

Will Springer Realtor

EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose. Most easements are routine, in which a utility company needs access to the property to maintain service of its electricity, water or internet.

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Are Appraisers Professionals?

Appraisal Today

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? Scroll down past the big yellow signup block.

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Appraisals and Water Frontage

Appraisal Today

Among the rights that come with real property ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. Desktop Appraisals Information Sources. To read more, click here.