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The Four Tests of Highest and Best Use

McKissock

Earlier this year, we asked our real estate appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” ” Highest and Best Use is the reasonable, probable, and legal use of vacant land or an improved property. Free Download: Looking to upgrade your appraisal license?

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Ideas to Help Prepare Clients when Real Estate Market Reopens

Home Junction

These tools are super popular with consumers. Naturally, they are not as detailed as a CMA or Appraisal, but they will help buyers get a sense of the home values in each neighborhood and also the trends for those values. But that neighborhood has lower home prices on average. That’s a good thing to know. Gives them more options.