Chapter 12 Highest And Best Use Analysis Flashcards
0
Q
habu is the ___________ on which ________ value rests
A
Foundation, and market
1
Q
What does the highest and best use identify?
A
It identifies the most probable, competative use of the property
-all valuations are based on use
2
Q
Fundamental of highest and best use definitions
A
The reasonably probable and legal use of vacant land or an improved property that is phisically possible, appropriately supported and financially feasible and results in highest value.
