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2. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical ...

3. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.

4. Cost approach - Wikipedia

   en.wikipedia.org/wiki/Cost_approach

   Cost approach. Cost approach is a real estate appraisal valuation method used to price an individual property. [1] It is one of three methods, the others being market approach, or sales comparison approach, and income approach. The fundamental premise of the cost approach is that a potential user of real estate will not, or should not, pay more ...

5. What is a property survey, and how do I get one? - AOL

   www.aol.com/finance/property-survey-one...

   Key takeaways. A property survey legally defines the boundaries of a plot of land. Mortgage lenders and/or title companies may require one when you're buying a house. You may also need one when ...

6. Vacants to Value - Wikipedia

   en.wikipedia.org/wiki/Vacants_to_Value

   Governor Larry Hogan demolishing vacant buildings in Sandtown-Winchester, 2018. In January 2016, Governor Larry Hogan announced Project C.O.R.E. (Creating Opportunities for Renewal and Enterprise), a $700 million plan to tear down and replace thousands of vacant buildings in Baltimore with new developments, pledging $94 million over four years to demolish 4,000 vacant properties citywide and ...

7. Extraordinary assumptions and hypothetical conditions

   en.wikipedia.org/wiki/Extraordinary_assumptions...

   But if the property were to be valued as of the current date assuming the completion of the proposed house, the appraisal of the proposed property would be subject to a hypothetical condition because the assumption that the house is completed as of the current date is an assumption which is known to be contrary to the known fact that the lot is ...