- Oct 16, 2009
- Professional Status
- Certified Residential Appraiser
I have a classic case of excess land where the property owner purchased two building sites in a well desired subdivision and combined the parcels. The construction improvement only encumbers one parcel leaving a vacant parcel that is still able to be built on. After conversation with the Realtor and county mapping, the highest and best use of the property is as two separate parcels; however, this is a purchase and my client is asking for one reported value. I advised my client that I would provide them with two appraisals based on a hypothetical, but they are not having it. Any suggestions?