Remove Article Remove Construction Remove Legal Remove Local Properties
article thumbnail

The Four Tests of Highest and Best Use

McKissock

” Highest and Best Use is the reasonable, probable, and legal use of vacant land or an improved property. Legally permissible. Some questions to answer: Do you have a current survey of the property? Are existing structures considered legal non-conforming use? Physically possible.

article thumbnail

12 Types of Expert Witness Assignments for Appraisers

McKissock

Construction faults. These cases often require appraising the damage caused by incorrect construction techniques or similar problems. Typically, this would be for local property tax appeals. There is substantial demand for litigation support services to the legal community. Appraiser negligence. Learn more.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The short answer: A commercial real estate appraisal is a calculated assessment of value for any type of commercial property. Properties may include apartment buildings and condominiums, office buildings, shopping centers, industrial sites, and land for sale. For the purpose of this article, we’ll mostly stick to the word “appraisal.”.