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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.

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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.

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

The Robert Weiler Company

The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate. Below we’ve outlined the most common commercial property appraisal methods.