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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. Uniform Residential Appraisal Report - Wikipedia

   en.wikipedia.org/wiki/Uniform_Residential...

   A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit". It is also suitable for a building in a planned unit development (PUD) but is not ...

4. Land value tax - Wikipedia

   en.wikipedia.org/wiki/Land_value_tax

   A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. [3] [4] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.

5. How to buy land: A step-by-step guide - AOL

   www.aol.com/finance/buy-land-step-step-guide...

   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 ...

6. Extraordinary assumptions and hypothetical conditions

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

   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 ...

7. 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.