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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. Applying each of these tests properly is essential to the valuation process.

Legal 243
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Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

The importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power and beauty of a conservation easement in the following quote: “Here is your country.

Easement 148
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Expert Witness Testimony: The Indispensable Role of Real Estate Appraisers in Legal Disputes

Boston Appraisal

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

Legal 148
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Must-Have Information Required for a Successful Appraisal

Birmingham Appraisal

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Tip for Agents: Double-check the property address before submitting it to the appraiser, ensuring it matches all marketing materials and legal documents.

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Complex Appraisals: Navigating Unique Properties and Situations

Appraisal Partners Blog

Introduction In the world of real estate appraisals, certain properties and situations present unique challenges that go beyond the scope of typical residential or even standard commercial valuations. These properties often feature amenities that are not found in other homes, and these have a significant impact on valuation.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

Appraisal 132
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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

The physical, legal, or economic descriptions of the property are in question. Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. It isn’t clear who owns the appraised property. Too much time has elapsed between the CRE appraisal and the loan.