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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 ...
Pay down debts to lower your debt-to-income ratio, and start saving enough to cover a potentially hefty down payment — lenders typically require 20 to 25 percent down for raw land. 2. Compare ...
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value).Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a ...
The distinction between the two lies in the potential veracity of the assumption. A hypothetical condition assumes a condition which is known to be contrary to fact whereas an extraordinary assumption assumes a condition or a fact which is merely unknown or uncertain. The results of an analysis involving any hypothetical conditions are known to ...
For additional information, call the service director's office at 330-364-4491 extension 1275. Reach Jon at 330-364-8415 or at jon.baker@timesreporter.com. This article originally appeared on The ...
In some jurisdictions, property is taxed based on its classification. Classification is the grouping of properties based on similar use. Examples of classification are residential, commercial, industrial, vacant, and blighted real property. Property classification are used to tax properties at different rates and for different public policy ...
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related to: vacant land appraisal- Home Value Estimator
Lookup County Home Values
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- County Assessor Records
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Search By Entering Property Address
- What Is My Home Worth?
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Real Home Values. Enter Address
- County Property Records
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Real Property Info. Enter Address
- Home Value Estimator
online-home-values.com has been visited by 10K+ users in the past month